Crypto market is crashing hard again, here's why ??

in bitcoin •  6 years ago 

screen_shot_2018-09-06_at_10.47.38.pngThe cryptocurrency market is bleeding for the second continuously day, with prices of the most popular coins down in the last 1 day.

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Bitcoin and Ethereum fell as much as by 6% and 10% respectively, pushing other major cryptocurrencies to record losses. Right now, Bitcoin is finding support at the $7,000 level and if in the next few hours, it regains the $7200-$7300 level, then we will witness some stability in the market. And, if it breaks below the $6,800 level, then its affect will be negative, indicating the reversal of bullish sentiments and then the market is likely to drop further to the $6,000 leve

Bitcoin and the other cryptocurrencies which were through a slow and steady movement to the higher levels in the past few sessions today experienced a sharp fall, eroding all the market gains in 30 minutes time span.

-may be due to :- Market manipulation...and some other factor.

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looks like some banks want to enter the market as cheap as possible...

Looks like some banks want
To enter the market as
Cheap as possible...

                 - cryptolook


I'm a bot. I detect haiku.

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