What is the Reason Behind Crypto Market is Crashed
There are many reasons for cryptocurrency Crashed.
Gambling
Gambling is involved in Bitcoin. Billionaire invest their Billion Dollars, then the price of Bitcoin increased and they Bet for Billion Dollars That the price Decreased and sale their Bitcoin in a very short period of time. Selling of Billion Dollars at once rapidly crashed the bitcoin. Gamblers win Billions of Billions Dollars on every bet.
Hacking of Exchange.
if one of the Bitcoin Exchange Hacked or not responding the price of Bitcoin Decreased. Recently South Korean Exchange was hacked and coin market crashed rapidly.
Cryptocurrency Market
if Bitcoins price Falls down every coin in digital market decreased, because every currency convert in Bitcoin when Satoshi Decreased the coin market cap falls down.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by amjad1550 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
You got a 4.17% upvote from @emperorofnaps courtesy of @amjad1550!
Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!