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What is the cause of the downtrend in cryptocurrency market?
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[QUOTE="uptrendfinancialsignal, post: 250694, member: 78381"] The downward trend in the cryptocurrency market presently should raise causes for alarm and so many cryptoinvestors are very skeptical The cause of the bearish trends in the cryptocurrency market is not accurately known to market analysts, however it is believed that there are number of factors contributing to the constant decline. The recent bearish trends in the cryptocurrency market could be linked to an overall lack of confidence, negative sentiment, and fears about future regulations. In short, it’s a combination of factors that has resulted in a market slump. The massive sell off from crypto investors and traders who are afraid to invest in the market is also a contributory factor. The bearish trend is temporary and there are several reasons why it will end soon. The people who are converting their cryptocurrencies to fiat currencies makes the market value to drop tremendously. People are selling their cryptocurrencies at any price and people who are buying are paying less than the actual price. It is however very important for us to know that the major factor that caused the decline in the price of cryptocurrency , is the global regulation that is been embarked upon by most of the countries in the world. [/QUOTE]
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What is the cause of the downtrend in cryptocurrency market?
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