Why is the price of coins so low right now? – Detailed Analysis
Currently, a common question among many investors is— why has the price of cryptocurrency or coins dropped so much? Some are getting hurt by making new investments, while others are worried about holding onto their previous investments. This article highlights the main reasons for the drop in coin prices in simple language.
1. Global Crypto Market Downtrend
The crypto market primarily relies on Bitcoin. When the price of Bitcoin falls, almost all altcoins also drop together. Currently, the market has been in a bearish state for a long time, leading to a natural decrease in coin prices.
2. Fear and Confidence Crisis Among Investors
Negative news, experiences of losses, and scams have led many investors to become fearful. As a result, they quickly sell off their coins. This excessive selling (Sell Pressure) further drives the price down.
