Hello, why is all of the cryptocurrencies are bleeding right now?
Is there any news?
In actual in the present time two factors are going on simultaneously , at one side whales are manipulating the market because they know that soon the market will get up , and if they can buy assets at low price by create panic then they can make profit soon in bulk amount before the implementation of ETF system in Bitcoin price that will make Bitcoin price about 3-4 times more easily .
And second Thing is about to the case that is going on in India high country , where day by day new new points are getting in the front of the judgement of light and that is making lots of delays in the final decision whether Bitcoin will be legal or not in India , this is small panic thing for the many people specially for those who are newbies in this field are thinking that there are much chances that the government of India will ban cryptocurrency assets and in that case they will face bulk loss with them .
And this panic is results into bulk sell of the cryptocurrency by the noobies and that leads into dump in the cryptocurrency market .
But here all chances are in favour of the cryptocurrency because here most of the people have positive hope with cryptocurrency descion by the government judgement and ETF launch , so soon everything will get back .