I think its because of those bitcoin whales they controlling the value of Cryptocurrencies. Those whales are one of the biggest factors of every cryptocurrencies and the other one is government. They controlling the value bitcoin was dumped right now and some other dont trust bitcoin cause didnt know how bitcoin whales works.
Who are really the whales ? The hedge funds, institutions and so on, and they are like gangs as far as I am concerned.
Firstly, you would expect that since that most of them are already late to the show, they will find a way to shake the weak hands off the market as much as possible, and until they are pretty sure they do not have more to shake out, then they keep distributing and accumulating to get even more position in the market.
At the end, the value of bitcoin is far low compared to what it is going to be in the future and it only pains me that those who have been complaining that these set of people have been stealing from them still keep dishing out their future to them.