Post
Topic
Board Speculation (Altcoins)
Re: what happened to the market today?
by
Questat
on 22/06/2023, 20:27:44 UTC
i was surprised to see the market today, everything fell in a short time, bitcoin fell around $1000 very fast and looking at coinmarketcap, all coins are red.  a few days ago bitcoin rose slowly, but today was very surprising. What happen today? Roll Eyes
You don't need to wonder why as that is what the volatility looks like and you can't assume that everything went high always but certainly have to experience sometime low. The price often fluctuates due to several factors; FUDs, economic crises, etc. But these days, we'd see the impact of the SEC and Binance issue which makes some holders/investors worried and sell off their coins which causes the market to go down. Well, it was part of the market events, dumps possibly happen even though we don't like it. A reason why we have this " market adjustment" is because of unpredictable price trends.