Why is crypo going down

[kalat]

The crypto market has been on a roller coaster ride over the past few months. After a huge bull run in 2017, prices have come crashing down in 2018. So far this year, the total market capitalization of all cryptocurrencies has fallen by over 60%.

There are a few reasons for this sharp decline. Firstly, there was a huge influx of new investors into the market in late 2017, driving prices up to unsustainable levels. Now, many of those investors are taking their profits and leaving the market. Secondly, there has been a lot of regulatory uncertainty around cryptocurrencies, which has spooked investors.

whichever the reason is crypto prices are going down and this have caused a lot of investors to loose huge sum of money, some have even resorted to suicide. This is not a good sign for the future of cryptocurrencies.

 

[blockrat]

There are a few reasons. Firstly, there's been a lot of negative news lately surrounding cryptocurrencies. Corporations and financial institutions are starting to crack down on them, and governments are beginning to regulate them more harshly. This has made investors nervous, and many have decided to sell off their holdings.

Secondly, the original use case for cryptocurrencies - as a way to avoid government control and traditional financial systems - has become less important as other options have emerged.