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What is the cause of the downtrend in cryptocurrency market?
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[QUOTE="Lens1000, post: 251195, member: 37726"] The major things that we are experiencing in the cryptocurrency space is caused by so many things but majorly the experts said that it was accounted for by the cryptocurrency regulatory scrutiny that is being carried out in most of the countries of the world. This actually makes the financial investors or the crypto investors to lose confidence in the genuineness of the cryptocurrency space because the cryptocurrency space is marked with decentralization features and if these regulations would make it centralised then it could be manipulated and controlled by the government and as a result of these, the cryptocurrency investors have started withdrawing their funds or liquidating their funds. Another cause is the fear of missing out and this has actually caused a lot of crypto holders to sell of their cryptocurrency assets. Another major cause could be as a result of the fact that there are so many rookie crypto trader that do not know how the cryptocurrency works, all they heard was that there is a lot of profit in cryptocurrency and when there is a little bit downtrend in the market value of the cryptocurrency that they invested in, they will do sell-off and this are the things that are causing the downtrend in the cryptocurrency space. [/QUOTE]
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What is the cause of the downtrend in cryptocurrency market?
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