Reasons Behind the Crash of Bitcoin and Cryptocurrency
There are five main reasons behind the cryptocurrency crash.
- News or Propaganda
- Whales
- Stoploss
- Fear
- Greed
News or Propaganda
When an event related to cryptocurrency occurs so it affects the cryptocurrency. the effect may be positive or negative.
Whales
Whales also try to influence cryptocurrency. They manipulate the market.
Stoploss
When the price becomes below the stop loss so selling is to start. at high quantity. it affects the whole market.
Fear
With the fear of loss, people start selling all the assets they have.
Greed
People try to earn more and more. when the Market starts to increase so greed level also increases.
