Topic: Market red every currecny, BTC below 7k why? - page 2. (Read 300 times)
Because supply and demand in the market. By monthly chart, btc may fall back to 5k.
One of the reasons for the fall of the market is the wrath of the Korean stock exchange. But most likely there are several other factors. in the near future we are waiting for a return to $ 8000
BTC is like crypto index, so when it goes red, other alts also tend to go red. The market is volatile, especially now when it has sideway trend at the low level prices, so this situation is not a big surpise
The reason is usually that a news is waving around that must investors don't know about and the few that knows starts dumping their buys to sell. It is basically panic from outcomes of FUD.
Please experts tell, why market red in every currency and why BTC below 7k?
When the market is red it only means that there's a big supply that is in circulation now.And you might ask why the alts are also affected by bitcoin's fall? It only means that most of the alts are dependent to bitcoin so if bitcoin falls, alts are falling too.
Please experts tell, why market red in every currency and why BTC below 7k?
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