The market has been attacked by banksters, cartels, and central power and this creates a lot of FUD in the space. People are influenced by those events and panic sellers, weak hands, and speculators remove their money from the space.
Then the whales and people with a huge capital increase their position and repeat the cycle.
Do not panic and HODL!
This so true, mate. I agree that more elite group joined the crypto world.
That's why they started playing the price. We as a small investor can't do anything except hold or try a cut-loss.