Crypto BloodBath - Why is The Crypto Market Going Crazy?

[TERENCIO]

Credit to https://medium.com/@ORCA_Alliance/cryptobloodbath-the-great-crypto-depression-b6ff8eb88818?__s=d6vhs19bssfnqgq26iwv

We believe it is a mix of three things poking an already bear market:

1 - The Bitcoin Cash (BCH) Civil War Happening right now.
2 - News of SEC Investigations into projects issuing securities through ICOs.
3 - NVidea and AMD reported a steep decline in sales related to Crypto Equipment.


Why is this happening? 😫

We believe it is a mix of three things poking an already bear market:

1 - The Bitcoin Cash (BCH) Civil War Happening right now.
2 - News of SEC Investigations into projects issuing securities through ICOs.
3 - NVidea and AMD reported a steep decline in sales related to Crypto Equipment.

[trauchot]

Of course, all these news have greatly influenced the market, but I also think that just the big players withdraw their money to pump the market over time, because this decline has been going on for a very long time and it started before this news.

[cashbit]

I think crazy bloodbath in cryptocurrency is caused by market manipulation. There are some possible players that can do the manipulation. I guess big traders, whales, developers, and project teams possibly make a change for market condition.

[nufika89]

we know that currently the crypto market is still not stable and that makes many people frustrated. therefore it would be better if we are also smart in managing our crypto assets. don't panic sell because it will make the crypto price in the market is getting down.