manipulation + panic + FUD
and there are lots of newbies who wanted to get rich over night so they FOMO bought. now they are panic selling.
Why BTC along with all major cryptocurrencis are down today? Not heard any news to reasonate with this drop.
it is not BTC along others. it is BTC dropping then altcoins following it down with a nosedive.
I think this sums it up. Bigger players manipulate the market in the direction that favors them, this triggers panic selling by those that bought during rise.
Its a very familiar pattern for crypto, and one we will most likely see often in the coming months and years.
Bitcoin has a history of crashing and recovering even stronger, just hold and wait.