Why is every crypto currency losing value at the moment?

[Josephjossy]

I just noticed that every crypto currency is losing value at the moment, what can be the cause because it looks strange

 

[Dowenship]

I just noticed that every crypto currency is losing value at the moment, what can be the cause because it looks strange

The news that broke late last night about Joe burden proposed tax on every asset holders is what is causing the recent drop. And investors and traders are beginning to offload the asset because of the news

 

[Trexxxy]

Well when prices of cryptocurrency drops there a lot of factors responsible for this the Joe Biden announcement could be part of it also the emergence of unregistered coin(shit coins) on the Block chain network could also be a factor.

 

[GIFTMICHAEL]

Joe Biden's decision might be influencing the negative drop down of the price of all Cryptocurrency. But i know they'll pick up from where they stopped.

 

[Eodine]

How biden tax might be a factor but crypto investors know that for long that there is always a dip, a period where price goes down a lot before shooting back up.

 

[joy101]

I think that cryptocurrency are losing some value, but the investors always know that sometimes cryoto will drop some value an also go up you should not be surprise about that.

 

[Nomad]

Volatility is the nature of crypto currency. You might see all crypto currencies losing their value, however, the vest next moment all crypto currencies might start gaining value.

 

[QalabDogar1906]

I just noticed that every crypto currency is losing value at the moment, what can be the cause because it looks strange

The best way possible I would like to play on internet to earn money for the post of electrical engineer and is very high price for a little bit and then I can get a ride to do business in the front of my house and earn

 

[Kelly5]

A lot of factors can cause this. Some bad news or general fear of investors holding that asset in their portfolio. A general dump will see the value of that currency drop

 

[Damscooguns73]

Concerning why every crypto currency is loosing value at the moment. Well, people comment and Joe Biden tax decisions might be a part which I can agree to also, and also we all know this crypto currency world to be a very volatile one, so there is always a big tendency for a fall or drop in the values as well as a rise also, so it shouldn't be of a panic to people who have are experiencing this at the moment

 

[Ayokex]

My own view is that since it's a general phenomenon, I think there is no cause for alarm. There must be a factor responsible for the bearish market these days.

 

[Zevin]

Currenly, crypto currency has bounced back but previously it was losing value, bitcoin was down to $49k. I think the reason behind this was US government wanting to tax crypto transactions.

 

[Kelly5]

The reason for most cryptocurrwncies losing their value if you can closely observe is because the bitcoin cryprocurrency is also losing its value. Bitcoin price changes affects other cryptos

 

[nimzy]

the falling and raising price of cryptocurrency is not something new it is usual some time it raises and fall at time may be as a result of unregistered coins are the reasons.

 

[Ziki]

I just noticed that every crypto currency is losing value at the moment, what can be the cause because it looks strange

It does not actually look strange. If you follow closing, you'll see that this normally happen quite a lot and May be caused by a certain news.

 

[Hopey]

There has been a massive fall on the pricee and value of crypto since two week every crypto currency is experiencing a heavy fall back but i think it is the start of a new trend

 

[Muhammadawais]

Bitcoin is still trading near its all-time high set earlier this month. Its current price is about $34,000, up 77 percent in the last month and 305 percent in the last year.

 

[Dubai]

I just noticed that every cryptocurrency is losing value at the moment, what can be the cause because it looks strange

I have also noticed it. Honestly, there is no clear explanation for this. But I feel that it is just the season for them to go down. They might be connected in a way or the other.

 

[Doradorwa]

Maybe because the fiat currency also affect the cryptocurrencies. Government policies also are pulling crytocurrencies down in a large scale.

 

[Dowenship]

In fundamental analysis or method a bad news can cause the rise of crypto currency and a good one can cause a bullish in trade.