Current market conditions seem to be not good because I see a lot of bad news circulating and trying to make traders panic and after that the price of bitcoin at the exchange falls and makes the price of other cryptocurrency cheap.
That's what's happening now, and there's nothing we could do about it. Whales, governments, and even mainstream news have taken the opportunity to destroy Bitcoin by either spreading FUD or manipulating prices. As a result, many newbies are panic selling their Bitcoin and other cryptocurrencies, since they believe that such are going to die. While that's not true, most people make quick decisions based on FUD instead of real facts.
As such, that's reason why the market is down right now. Despite this, there are still believers (like me) which don't sell their coins no matter what. Given that Bitcoin was designed to become scarcer every 4 years, there's a high probability that its prices will rise to new All-time-highs, causing other cryptocurrencies to behave in the same manner. Therefore, I think that smart people would buy coins at their cheapest price yet (which is now) before the market goes back to normal again.
