I see my portfolio has lost around 5% over the past couple of hours. So I searched the internet expecting to find some kind of explanation to no avail. I figured another govt issued a negative statement regarding crypto or something. But that doesn't seem to be the case. If anything, the news stories about crypto seem to be positive today. So can anyone tell me what causes dips like this?
As you said yourself you are new to crypto so if you stick around long enough you will get used to daily price movements of +-5% or more pretty quickly.
I also don't know any particular reason why the price droppe a little the last two days but you need to remember that we had a nice positive trend overall during the lats few months so it's no wonder that from time to time there are small corrections.
I would say the market as a whole is still in a sideways movement at the moment.