This massive dump of btc leads to the massive market down.
How long will this remain and market will be normal. Any idea....?
no it has nothing to do with the bitcoin price drop, that was a correction because of the fast FOMO rise in bitcoin.
the massive dump in altcoin was because the altcoins are pump and dump! and there is no such thing as normal when it comes to altcoins. most of them will continue to fall if they haven't already and others will have some bounce backs.
the worst part is when the whales stop dumping and wait for the orderbooks to get filled with some buy orders and as soon as they reach an acceptable resistance they dump on them to be able to sell at a high price without losing much.
where I live here, in the newspaper I read an article last week about our Central Bank stating they do not support cryptocurrency and if anything goes wrong, don't come blame them.
your country is so late. or maybe you haven't read this before. but every country has issued warnings like this. and it is always about bitcoin, they don't even care enough to mention an altoicn
and for a good reason since altcoins aren't really being traded with fiat despite some of them having the market.
and the warning is just telling people about the "volatility".
