What is causing the current drop in crypto prices?

[milewilda]

Cryptocurrency market always depending on up and down, because we also know up and down is a common matter in the crypto world. You want to know what is causes the current drop in crypto price, so i believe that there isn’t a big problem in this moment. At this situation if we notice that altcoins price is drop. I think gradually this price will increase, and bitcoin price will reached his won space quickly. At last i told that sometimes the drop of crypto isn’t  great problem for crypto market.

Ot simply., its always been volatile and thisi s something that should really be put up on someones mind when it comes into this aspect. We do know that if it wasnt that volatiel in the first place
then it wont really be called a market and we wont really be seeing tons of people who do get fond of dealing up with this space because they cant make money if there would really be just that less movement and this is why it would really be that important on having these movements. Dropping price would really be somethign that normal on a market on which going up and down in prices.
Movement could be that possibly be caused up by fundamentals or news that will affect it out but we know on crypto space on which this is something that could also moved without any reason behind.

[doc]

Cryptocurrency market always depending on up and down, because we also know up and down is a common matter in the crypto world. You want to know what is causes the current drop in crypto price, so i believe that there isn’t a big problem in this moment. At this situation if we notice that altcoins price is drop. I think gradually this price will increase, and bitcoin price will reached his won space quickly. At last i told that sometimes the drop of crypto isn’t  great problem for crypto market.

Ot simply., its always been volatile and thisi s something that should really be put up on someones mind when it comes into this aspect. We do know that if it wasnt that volatiel in the first place
then it wont really be called a market and we wont really be seeing tons of people who do get fond of dealing up with this space because they cant make money if there would really be just that less movement and this is why it would really be that important on having these movements. Dropping price would really be somethign that normal on a market on which going up and down in prices.
Movement could be that possibly be caused up by fundamentals or news that will affect it out but we know on crypto space on which this is something that could also moved without any reason behind.

Precisely because the cry[to market is fluctuating, many investors are interested in investing in crypto. We can get[to from the price difference. This is what makes us able to make a profit. For now, I think negative news and massive sales are what trigger bitcoin prices to drop, but bitcoin prices have recovered.

[Hatchy]

Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.

[legend45]

Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.

The current price drop is due to large sales and negative issues attacking crypto which causes panic to buy. If we look at the market, the daily volume is small. But don't worry, the market is currently starting to improve because the price of bitcoin has returned to $ 60,727 and the price of altcoin has gone up again so that our portfolio has increased.

[Ujok]

Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.

The current price drop is due to large sales and negative issues attacking crypto which causes panic to buy. If we look at the market, the daily volume is small. But don't worry, the market is currently starting to improve because the price of bitcoin has returned to $ 60,727 and the price of altcoin has gone up again so that our portfolio has increased.

What we have to do now for people who store bitcoins is not to rush to sell and be patient because the current state of bitcoin is starting to rise little by little and this is a sign that bitcoin will increase, the point is to keep monitoring your assets and don't miss the moment that you think is right to sell.

[luckyledger]

Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.

The current price drop is due to large sales and negative issues attacking crypto which causes panic to buy. If we look at the market, the daily volume is small. But don't worry, the market is currently starting to improve because the price of bitcoin has returned to $ 60,727 and the price of altcoin has gone up again so that our portfolio has increased.

What we have to do now for people who store bitcoins is not to rush to sell and be patient because the current state of bitcoin is starting to rise little by little and this is a sign that bitcoin will increase, the point is to keep monitoring your assets and don't miss the moment that you think is right to sell.

Patience and self-discipline are keys, everybody may be able to reach their goals, the question is time only That's my opinion.

[Sim_card]

Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.

The current price drop is due to large sales and negative issues attacking crypto which causes panic to buy. If we look at the market, the daily volume is small. But don't worry, the market is currently starting to improve because the price of bitcoin has returned to $ 60,727 and the price of altcoin has gone up again so that our portfolio has increased.

What we have to do now for people who store bitcoins is not to rush to sell and be patient because the current state of bitcoin is starting to rise little by little and this is a sign that bitcoin will increase, the point is to keep monitoring your assets and don't miss the moment that you think is right to sell.

Patience and self-discipline are keys, everybody may be able to reach their goals, the question is time only That's my opinion.

It is patience that one needs for him to be able to hodli and not panic during a time like this that bitcoin price is not going as expected and no one should give up on hodli his coins because we are going to see the bull run soon amd I expect bitcoin price to go above 100k. It is only those who are patient enough that will see that price and benefit from it. This is why there is a say that the patient dog eats the fastest bone.

[sampoerna]

It is patience that one needs for him to be able to hodli and not panic during a time like this that bitcoin price is not going as expected and no one should give up on hodli his coins because we are going to see the bull run soon amd I expect bitcoin price to go above 100k. It is only those who are patient enough that will see that price and benefit from it. This is why there is a say that the patient dog eats the fastest bone.

We all really hope that the price of BTC can really reach $100k and even more, as predicted, because in the previous season, this price target was really far away and could not be achieved. Various good things and positive news have actually been implemented this season, related to ETFs and others. It's just that some FUD yesterday had time to balance it, so that the market movement is still very unstable and makes the market easier to drop and vice versa, up.

For now, the market is actually experiencing quite an increase. Compared to previous days, currently most cryptos on the market have increased by more than 5%. Look at how the market is green simultaneously, especially in top coins, this is very refreshing, after previously, they were really red hot.

And this continues.

Update per 23 August 2024,
https://coinmarketcap.com/

[luckyledger]

Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.

The current price drop is due to large sales and negative issues attacking crypto which causes panic to buy. If we look at the market, the daily volume is small. But don't worry, the market is currently starting to improve because the price of bitcoin has returned to $ 60,727 and the price of altcoin has gone up again so that our portfolio has increased.

What we have to do now for people who store bitcoins is not to rush to sell and be patient because the current state of bitcoin is starting to rise little by little and this is a sign that bitcoin will increase, the point is to keep monitoring your assets and don't miss the moment that you think is right to sell.

Patience and self-discipline are keys, everybody may be able to reach their goals, the question is time only That's my opinion.

It is patience that one needs for him to be able to hodli and not panic during a time like this that bitcoin price is not going as expected and no one should give up on hodli his coins because we are going to see the bull run soon amd I expect bitcoin price to go above 100k. It is only those who are patient enough that will see that price and benefit from it. This is why there is a say that the patient dog eats the fastest bone.

I think that by October we should see the shift in the market and the boons of hodling will start to flourish What do you think?

[Rubel007]

Well the recent drops in crypto prices including "Bitcoin and altcoins" is most likely due to the economic issues, fears about new regulations, and general market worries but we shouldn't allow it affect us that much though because it is normal, so Instead, do less stressing and overthinking about the price issues and focus more on the long-term potential of crypto and consider if this might be a good time to buy more.. be confident in whatever decision you are taking and make wise choices and decisions when you finally decide to invest.

The current price drop is due to large sales and negative issues attacking crypto which causes panic to buy. If we look at the market, the daily volume is small. But don't worry, the market is currently starting to improve because the price of bitcoin has returned to $ 60,727 and the price of altcoin has gone up again so that our portfolio has increased.

What we have to do now for people who store bitcoins is not to rush to sell and be patient because the current state of bitcoin is starting to rise little by little and this is a sign that bitcoin will increase, the point is to keep monitoring your assets and don't miss the moment that you think is right to sell.

Patience and self-discipline are keys, everybody may be able to reach their goals, the question is time only That's my opinion.

It is patience that one needs for him to be able to hodli and not panic during a time like this that bitcoin price is not going as expected and no one should give up on hodli his coins because we are going to see the bull run soon amd I expect bitcoin price to go above 100k. It is only those who are patient enough that will see that price and benefit from it. This is why there is a say that the patient dog eats the fastest bone.

I think that by October we should see the shift in the market and the boons of hodling will start to flourish What do you think?

Already in the market we can see a green candlestick which is encouraging Bitcoin investors and holders. Bitcoin price has increased by 5% in the last 24 hours. We are almost at the end of August and market conditions are improving now and are likely to improve further in September. We are going to see a bull market in Bitcoin very soon and if that happens we can definitely expect the price of Bitcoin to hit $100k. Although many feel that more time is needed to reach that position.

[ZAINmalik75]

all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?

Altscoins will follow bitcoin and currently bitcoin is going up but the relation between alts and BTC is not that straightforward. Sometimes BTC is going down but alts go up and BTC goes up and alts go down due to the increment in BTC dominance we can easily understand how alts will move with BTC dominance.

The market can face pressure, and investors may panic. It is not new for us to panic when the price does not recover. The market appears to be improving, but I believe this is only temporary. Price dropped due to reasons like Germany selling, MT gox distribution, and Japan's interest rates.

[Faisal2202]

all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?

Alts season is bleeding because the dominance of BTC is very high right now. When we will see the outflow from BTC and inflow in ALTs and people won't be investing any more money in the memecoins then we will see the start of alts bullish season. It's not a verified statement as it's my observation only so don't take it for guaranteed.

BTC is not going down but it's going up the cause can be anything as mainly the price of BTC depends on the demand and supply factor and as of today there is no bad or good news in the market not that I am aware of but it still BTC price is going up which means someone is buying and we yet to discover that.

[luckyledger]

Already in the market we can see a green candlestick which is encouraging Bitcoin investors and holders. Bitcoin price has increased by 5% in the last 24 hours. We are almost at the end of August and market conditions are improving now and are likely to improve further in September. We are going to see a bull market in Bitcoin very soon and if that happens we can definitely expect the price of Bitcoin to hit $100k. Although many feel that more time is needed to reach that position.

Thanks for your opinion and for staying positive! I too think that more time is needed, however, the goals should clear for the future

[legend45]

all investors are panicking about the price of altcoins and now we see the price of altcoins is falling even bitcoin is also experiencing a continuous decline. What is the cause of the crypto price dropping like this?

Altscoins will follow bitcoin and currently bitcoin is going up but the relation between alts and BTC is not that straightforward. Sometimes BTC is going down but alts go up and BTC goes up and alts go down due to the increment in BTC dominance we can easily understand how alts will move with BTC dominance.

The market can face pressure, and investors may panic. It is not new for us to panic when the price does not recover. The market appears to be improving, but I believe this is only temporary. Price dropped due to reasons like Germany selling, MT gox distribution, and Japan's interest rates.

As far as I know when bitcoin goes down, altcoins also go down because almost all altcoins follow bitcoin. This is the reality that I have observed so far. although there are altcoins that continue to rise when bitcoin goes down, this is usually a new project although rare.

[Pastaral]

There can be many reasons behind the dumping of cryptocurrencies.  However, the price will be dumped if the market demand decreases and investors start selling massively, and new government regulations or rules affect the price of the cryptocurrency.