This is how Cryptocurrencies such as Bitcoin and Ethereum’s Price Dropped

The price of all major cryptocurrencies came crashing down on Tuesday, following a steady drip from the start of the year.

The price of all major cryptocurrencies is crashing down constantly.

Bitcoin fall from $19,000 to $6,000, at the same time, Ethereum also lost a large part of its value.

The mini-crash has made cryptocurrency investors worry about the future of their holdings and risk to cause the steady decline.

The cryptocurrency market capitalization is still higher than it was in past six months, anyhow, the new investors are affected by the price drop.

While the cryptocurrency market is naturally volatile and difficult to predict, there are various data reporting online about the recent crash.

From concerned investors to market analysts, interested people have shared their ideas including market manipulation, regulatory concern, and panicking investors.

Negative news

Recently, Bitcoin and other cryptocurrencies are getting beaten by regulatory decisions. These regulators have discouraged investors and contributed towards the price decline.

Governments around the world are making attempts to regulate Bitcoin, and some are taking harsher views than others.

We can take China as an example since it has cracked down on cryptocurrencies, banning the trading of digital currency and participation in initial coin offerings.

Numerous credit card issuers such as Lloyds, JP Morgan, and Bank of America has also stopped the purchase of cryptocurrencies using their credit cards.

Common panic

Cryptocurrency’s volatility and its unregulated nature can also result in big price changes, which will scare the investors.

Many people have purchased cryptocurrency hoping to make quick profits but it went wrong since all the cryptocurrencies jumped into the dip.

These investors might be scared of losing their money as the price drops.

If the investors keep selling their tokens, the value of the cryptocurrency can move towards decreasing. The Cryptocurrency community often refers to this as ‘weak hands’ or a refusal to “HODL”.

Bitcoin, Ethereum, and other cryptocurrencies are constantly falling down and this will definitely make the early investors feel sad.