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Finance Questions, Loans, Insurance & Investment Advice Latest Questions

[Deleted User]
[Deleted User]
Asked: September 8, 20232023-09-08T08:59:22+00:00 2023-09-08T08:59:22+00:00In: Crypto & Forex

What actually make cryptocurrency down?

Investors tend to find answers that whenever there is a price fall, this question pops up. This shows that there have been a lot of shutdowns in the crypto industry.

cryptocurrencywant make
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3 Answers

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  1. uptrendfinancialsignal
    uptrendfinancialsignal Knowledge Seeker
    2023-09-08T09:18:28+00:00Added an answer on September 8, 2023 at 9:18 am

    Cryptocurrency prices can fluctuate greatly due to the volatility of the crypto market and it is as a result of the  market sentiment,  news events and the trading volumes . Changes in the cryptocurrency regulation or any other kind of company policies has a greater effect on the fluctuation of theRead more

    Cryptocurrency prices can fluctuate greatly due to the volatility of the crypto market and it is as a result of the  market sentiment,  news events and the trading volumes . Changes in the cryptocurrency regulation or any other kind of company policies has a greater effect on the fluctuation of the crypto market. Putting into consideration the market psychology play a very important role in the price fluctuation.

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  2. Flower
    Flower Active Contributor
    2023-09-08T09:22:20+00:00Added an answer on September 8, 2023 at 9:22 am

    Technical issues with the blockchain networks and also have a great effect on the crypto price and it can cause the price of cryptocurrency to drop drastically. The number of cryptocurrency holders known as in Whales can also influence the price of the crypto market in larger extent which could alsoRead more

    Technical issues with the blockchain networks and also have a great effect on the crypto price and it can cause the price of cryptocurrency to drop drastically. The number of cryptocurrency holders known as in Whales can also influence the price of the crypto market in larger extent which could also be as a result of market manipulation. New cryptocurrency and blockchain projects that is just entering into the market can also cause a great diversion of investment from the existing ones and it could  affect the price of cryptocurrencies.

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  3. Lens
    Lens Knowledge Seeker
    2023-09-08T09:24:57+00:00Added an answer on September 8, 2023 at 9:24 am

    The economic factors like global economic conditions, inflation, economic crisis can affect cryptocurrency prices in a great way and that is why it must be taken into consideration . The major security breaches that we have recorded in the past also had a great effect on cryptocurrency prices . It wRead more

    The economic factors like global economic conditions, inflation, economic crisis can affect cryptocurrency prices in a great way and that is why it must be taken into consideration . The major security breaches that we have recorded in the past also had a great effect on cryptocurrency prices . It will cause the price drop . Speculative trading can drive price up but the this does not last for a long time as it is temporary.

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