Crypto Money Market Drops: Influential Elements

Other cryptographic currencies such as ripple, cardano, bitcoin cash and stellar in the crypto money markets have been affected at various rates by this correction movement. Especially in comments they have made, experts have expressed concern about the crypt currency ripple, whose price has fallen below $ 1 for the second time in the last two weeks.

For Bitcoin investors, we can say that the $ 10,000 dollar level, which is a psychological threshold, is equivalent to the $ 1 bill for ripple investors. After the price of Ripple fell below $ 1, he managed to rise again. However, it should not be overlooked that the ripple price falls below this level twice within two weeks.

On the other hand, other crypto money continued to struggle to survive in the short run. Bitcoin cash and cardano, which watched for a few weeks, managed to maintain their positions in the crypto money markets. While Bitcoin is the fourth currency with the highest value in the cash market, cardano ranks fifth in this list.

Total value of crypto money markets when you think about monthly basis; According to CoinMarketCap, which was acquired at the time of writing, it lost $ 180 billion and dropped $ 590 billion to $ 410 billion. After such large correction movements, the market generally tends to appreciate in the mid-range. However, after the huge decline in the crypto money market last month, on the basis of the daily trading volume, the average interest rate and other indications, it can be concluded that a large increase in the short margin is unlikely to occur.
What triggered the fall?
Crypto money markets have recently been shaken by a series of negative news and developments. Some regions are still trying to get rid of the effects of the spreading news about banning crypto money transactions. However, the authorities of the South Korean government have expressed in the first instance that these reports concerning the country's cryptographic money are not correct. In addition, news about India is parallel to South Korea.

It would not be wrong to say that the crypto money markets are mostly made up of speculators and investors who aim to make profits in the short run. Most investors are leaving the market because of the price of most cryptographic currencies. This situation can be interpreted as a positive development in the long run, as the market control has led to the passage of strong rulers from the weaker rulers

We can also say that most investors are worried about the taxation policies planned for the markets in certain regions. Moreover, we see that India is the one that will affect the long-term growth of the crypto money market among these regions.

Total market value of crypto money; it fell to about 50% lower than the highest level of all time, according to the information received at the time the news was prepared. Such a situation can be briefly interpreted as a good acquisition opportunity for investors outside the market. If this happens, crypto money markets will experience a new wave of buying and will accelerate recovery.
The market volatility increased by 12.6 percent due to the upsurge in the first five virtual currencies of the market in the last 24 hours, while fluctuations in the currencies continued, depending on the "regulation" and "restriction" news from different countries in recent days about crypto currencies.
The total volume of the market created by 1512 virtual currencies rose to 454 billion dollars with an increase of 12.6 percent, equivalent to 51 billion dollars in the last 24 hours. The highest-volume crypto currency, Bitcoin, increased by 8.08 percent yesterday, trading at 9 thousand 277 dollars.
Bitcoin accounted for 34.4 percent of the market, while the 24-hour transaction volume in the crypto money market was 23 billion 432 million dollars.
The 24-hour changes in the four volumes of the highest volume of the crypto money market were Ethereum 7.04 percent, Bitcoin Cash 14.74 percent, Ripple 13.11 percent and Cardano 31.64 percent.
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