This is what market is, its all about the demand after all.
The fall of the market is due to fall of BTC price OVER USD AGAIN. this is the chain effect.
Only those who stay middle are those who gain BTC value. lets accept the fact then.
Topic: Most cryptocoins took a big drop in value today. - page 2. (Read 290 times)
I'll just follow what the other members have posted it so far. Price dips like this one is considered normal especially when Bitcoin, the market leader, fails to break the next resistance for some time now confirming that we are still in the bear market. Cryptocurrencies being in the bear market will have more downs than ups as this is when buyer's confidence are at the lowest that is why they are afraid to go and re-test the next resistance that is why they are cashing out as soon as they see they are near the resistance which we have recently is 4,000$+.
As can be seen here: https://i.imgur.com/bOFU5nX.png
Why is this happening?
https://coinmarketcap.com/
https://www.cryptoglobe.com/latest/2019/01/bitcoins-price-plunges-to-3850-as-crypto-market-loses-8-billion-in-sudden-drop/
Why is this happening?
https://coinmarketcap.com/
https://www.cryptoglobe.com/latest/2019/01/bitcoins-price-plunges-to-3850-as-crypto-market-loses-8-billion-in-sudden-drop/
I think, this what we see now, is happening what everyone was afraid of - bear market is not over yet and the market is looking for the bottom.
I hope I'm wrong and this is just a temporary correction.
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