The cause of the crypto dip

[Lens]

The major cause of the downtrend in the cryptocurrency market is actually attributed to the quite a number of regulatory scrutiny that most of the country is embarking upon. It is also due to lack of confidence on the part of the crypto investors.

We are very hopeful that the market will make a reversal very soon.

 

[oldbuddy]

I think the major cause of the downtrend is all the so called experts forcasting gloom and doom on a daily basis, but if you look at the chart since June 20 it's been going up and so has my total balance. This is no time to panic, just earn all the free satoshi you can find.

 

[C.Grigg]

I also have firm belief that they will all return back to their all time highs eventually. It’s a trend every few years that they all drop drastically. I’m entrusting over $30,000 in crypto to rise again, no worries.

 

[Lens]

The increase in the interest rate is one of the major cause for the dollar gaining strength against the cryptocurrencies and this is as a result of the dollar index rising above 100.

 

[Nomad]

The global recession is one of the primary causes of the drop in crypto prices. Not just crypto even the stock market and real estate have lost substantial value in 2022.

 

[Bisolami]

The major cause of the downtrend in the cryptocurrency market is actually attributed to the quite a number of regulatory scrutiny that most of the country is embarking upon. It is also due to lack of confidence on the part of the crypto investors.

We are very hopeful that the market will make a reversal very soon.

The market has taken a reverse already.
The price has been going up for a few days now and I hope it goes like that