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Jasdin

Why is BTC falling?

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I think you are trying to say pump and dump.

Pump and dump is a method of manipulation of market price of an asset by a specific person or group of people in order to take advantage of the crated fear of missing out, to cash out and make a profit. Such manipulation is done on regulated markets like stocks can lead to legal consequences but in crypto it is unregulated and therefore more common, but that too in the altcoins > bitcoin.

If you feel someone is doing this, try to avoid that asset.

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Possibly due to the coronavirus. Not only bitcoin is falling, but also the stock and securities markets, it's very hard for everyone right now. Let's hope this is only temporary.

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Posted (edited)

In my opinion, this is due to an increase in the yield of ten-year US Treasury bonds; as a result, investors withdraw funds from riskier assets. In addition, the market is waiting for taping (curtailing economic incentives) and an increase in the Federal Reserve (Fed) discount rate next week. I did this analysis when I read about free crypto(https://wealthofgeeks.com/free-cryptocurrency/) on a news site. At the same time, the crypto market is not the only one that has lost over the past week. The Nasdaq stock index declined by about 5%, and the S&P 500 has been falling for the third week in a row, CNBC notes.

Edited by cfedsasd

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Posted (edited)

BTC can fall very often, but you don't have to worry because it will increase again. In a pump and dump scheme, fraudsters typically spread false or misleading information to create a buying frenzy that will "pump" up the price of a stock and then "dump" shares of the stock by selling their shares at the inflated price. There are a lot of schemes like this, so you have to be careful. But as for BTC, you can see that its value is much higher today. I prefer to follow all the up-to-date information about crypto on https://octocrypto.io. This helps me to be always informed and confident about my investments.

Edited by Zhizhastok

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