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What Is Happening To Bitcoin And Crypto Markets At The Moment? — Let me explain
Bitcoin and all cryptocurrencies have been falling for the last couple of months.
Even though several might have enjoyed a slight bull run on some days, the overall trend has been bearish since November last year.
But the last few days have been red for most coins and tokens. This has left many wondering what exactly is happening as the dips have just been digging even dipper.
Here are some points.
1. Market correction — happens from time to time.
Crypto assets are tides. They rise and fall.
When you look at the day charts, they are a mixture of green and red. This is a stamp of the history of their rises and falls.
The high volatility of crypto assets is caused by many factors. They including government direction, people’s sentiment, news coverage, the activities of buyers and sellers and particularly day traders etc. All these factors combined lead to the rise and fall of coins and tokens on a day to day basis.
Extreme effects of these factors either negative or positive can affect the coins leading to even higher volatility.
