Why did the price of Bitcoin and other cryptocurrency fall?

in bitcoin •  7 years ago 

Bitcoin's price has dropped by as much as 20 percent since South Korean regulators repeated warnings that they could stop trading the cryptocurrency .
All 100 cryptovalutat that are listed high on 'CoinMarketCap' suffered a fall in value. Over a period of 10 hours, more than $ 160 billion was withdrawn from the market value of crypto valves, highlighting the volatility of the market.
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I think if we look back one month ago the futures market started betting on the price of bitcoin there first bet was that it would go down to under 10k so looks like the forced it to do this.... a few big whales working together can manipulate the market down... This is the best time to buy The next bet will be on a high price probably $30k to $50k on bitcoin so buy now and take some profit at the top... enjoy the ride :)

I think the same thing :)

am waiting for it to all crash and then I may buy into it, am only just now learning about how much people have made from it all