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What is the cause of the downtrend in cryptocurrency market?
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[QUOTE="Flow-er, post: 251638, member: 71012"] The downtrend in the cryptocurrency market is the basically caused by the quick sell offs that are done by the rookie traders. If you look at the fall in the market of the cryptocurrency, it is actually made possible by the newcomers in the cryptocurrency world. They came into cryptocurrency because they knew that it is very profitable but they're never considering the risks that is involved in it before putting their money and once there is a problem or turbulence in the cryptocurrency market, it would trigger a quick sell-off and this are the things that are causing the drop in the price of cryptocurrencies that we are witnessing presently. it is however very important to note that the regulatory structure that is been put in place by most of the countries in the world is also a contributory factor . The supply and demand dynamics is the one responsible of the determination of the price of a cryptocurrency but when people are not demanding for this cryptocurrency, it is every possible that the price will drop because people are losing interest due to new regulations that is are being put in place by most of the country . [/QUOTE]
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What is the cause of the downtrend in cryptocurrency market?
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