What is the market going on? All of them fell sharply and created a new bottom, BTC down but DOM still remained unchanged. Does the player transfer all Altcoin to fiat? Your opinion about this problem?
a lot of hacker news everywhere about the crypto market so all traders panic sell and made the crypto market go down now but at the moment the market is slowly rising again even though it hasn't been like before
I think it's a little of everything. Altcoins probably transferred out to fiat for the majority of ICOs/IEOs that were launched this year but luckily the IEO scene wasn't as ridiculous as ICOs. And then, Bitcoin itself saw a lot of profits taken from people who entried at 3k. So that pressure just transferred out to altcoins, as is natural.
But hackers news is ridiculous. It's always been around why would it create panic just now suddenly?