What are the reasons for the low prices of digital currencies?

[med2918 4]

Are there reasons that led to the decline of almost all currencies this week? Is it caused by the Defi, which we see the Defi coins in decline only a little

[JohandryCampos26 13]

Bitcoin's latest drop on Wednesday afternoon brought the price below $ 9,500 for the first time since July. While there are several influencing factors, some experts suggest that the influence of the Chicago Mercantile Exchange and other platforms that offer trading in cryptocurrency derivatives have something to do with it.
On Friday, Bitcoin futures contracts will expire on the Chicago Mercantile Exchange and according to experts, many investors have sold their shares to liquidate soon-to-expire futures, driving the digital asset lower. About half of the open Bitcoin futures contracts will expire tomorrow.
Last Wednesday, Bakkt, a Bitcoin futures provider supported by the Intercontinental Exchange, announced that it would launch its platform on September 23. This platform is aimed at institutional investors, who seek to enter the market at the lowest possible price.
Therefore, the whales are most likely trying to push support levels, to force small investors to trade. The cut would allow so-called "whales" to make their contributions at lower prices before the Bakkt is released.
There are also those who believe that the fall of Bitcoin that Bitcoin's behavior has responded to global geopolitical tensions, not only in the Sino-American trade war, but also in Hong Kong tensions, for example.
On Thursday, Gao Feng, a spokesman for the Chinese Ministry of Commerce, stated that they "firmly reject the escalation of the trade war and we are ready to negotiate and cooperate to solve this problem with a calm attitude." This shows that the country is trying to resolve the situation with a calm attitude. This would have eased the stock exchanges, but put pressure on Bitcoin.

[Altaf hussain 269]

Not many people know about digital currency and give some people to Didi, for agriculture you should not have internet speed or you should have WiFi, but nowadays some people can be given some internet to see in the countryside. Main resone covid-19 Due to which the price of digital currency is not increasing.

[Aiman Malic 644]

According to my information in cryptocurrency bitcoin is on the top and Ethereum comes on the second number.Bitcoin provides more facilities to its users as compare to Ethereum. The main reason due to which prices of currencies are low and are not increasing may be COVID-19.

[cryptofare 57]

I think the reason of falling altcoins price is that the bitcoin is in his Bullish mode, and every one knows that when bitcoin price increase bullishly all altcoins drops down by there price, but when bitcoin maintain stable in beriesh mode for a month and maintain his price with low fluctutaion , then all altcoins price increase in very fast way, so wait and hold your altcoin for that movement.

[Jeg11687821 164]

Bitcoin is at the highest rate in market a few month later. But now it has low price. The lose of its value is that people do not believe on digital currency they think this may be fake or scame. They not invest their money in digital currency. This is reason that's have low prices. 

[Umair12345 127]

There are the some reasons in which comes

Security

Threats

Speed

Reliability

Keywords

These are most important factors which causes in lowering the price of digital currency.

[sinseoul 0]

Maybe at the time that you're asking, DeFi is reigning the world of cryptocurrency. There's actually a time when a DeFi coin got ahead of Bitcoin and that is yearn finance. But now, Bitcoin have much more value than Yearn Finance and is still having a bull run. Bitcoin might really reach 100k dollars soon!

[Eezabell 339]

There are Thousands of the reasons behind this. Some of the main reasons of the Lowest Price are Given Below. The Lowest Price of these Currencies is due to that these Are new and the traders are not Interested in them. And Their Supply is Too high and they are not Invested by the others.

[joemcgwa 3227]

The reasons that's are making some mostly of crypto currencies to have lowest prices is that when the coin is created with very high coin supply or unlimited supply, so that's the demand for those coins must be low to lad the coin to have low price.

[Msh9 84]

This is wrong talk. The digital currencies in our time are rising in prices and reaching 40 thousand and they are increasing and getting a very large increase that has not happened before. Therefore I advise everyone to work and trade in this currency because it has a prosperous future.

[Kingkhan12 334]

Dear I think use of digital currency is negligible.

You know every thing value increased by the customers.

If customers take interest then price of thing grow otherwise go down.

[Majd Raslan 5 549]

Currently Bitcoin currencies and alternative currencies (Ethereum, Litecoin ...) that their price rises and some currencies with the other cipher their price decreases. This depends on the speculative policy. The quantity of demand in the first place and the amount of currencies circulating in the market and in there are many new currency projects that do not succeed Because of its poor marketing and poor demand

[Ramzu 343]

I think many people are not aware about the digital currency that is why digital currency has low price and I think that as people will become aware about the importance of the digital currency then it's price will raise quickly.

[Mehak khan 34]

Mostly people have no knowledge about digital currency so thats why its price is low .Mostly people use crypto for their earning but when they know about digital currency rate they will be used it and its value and price getting up .

[Iamshah 73]

According to my information in cryptocurrency bitcoin is on the top and Ethereum comes on the second number.Bitcoin provides more facilities to its users as compare to Ethereum. The main reason due to which prices of currencies are low and are not increasing may be COVID-19.

[M.Asif 499]

The prices of currency may fall due to many reasons and it can't be said that one perfect reason responsible for falling down. It may be due to special condition in country like pandemic or emergency that hit economy of country. Ups and downs are part of trading and you have to bear both conditions.

[meme9988 13]

I do not think that the reason for the decline in digital currencies is Divi, but rather I believe that the reason for this is the few people who know about digital currencies, and this is why their value has decreased.

[Alkali 146]

Low prices of digital currencies are usually thing. All digital currencies can not have high value at the same time though with time pending on the reliability and acceptability of the currencies.

[Waseem jabbar 185]

Actually there are many reasons for the price is low of digital currency . Actually first of all due to covid 19 The Price is low . In this pandemic all digital currency price decrease.But i think in future digital currency values increase . 

[David84 1191]

Cryptocurrency is a very sensitive field, it is affected by any rumor or any cyber attacks or any political tension or geographical disaster, so the reasons for the drop are limitless, we have witnessed the flourish of cryptocurreny during Covid19 pandemic. So crisis can affect the market in two ways and not just one, but when there is a sense of fear, people tend to sell out and this affects the price and make it drop.

[Mohammad Sultan 857]

No at all dear the price of digital currency doesn't get down due to defi because it depends on demand and supply principal and u need to learn what factors can increase its demand and supply. They are valuable currency and many people don't know about this. We all need to keep patience and educate people.

[huesca123 946]

All markets are controlled more or less by supply & demand. Also, believe it or not, all markets are manipulated. In theory, the crypto markets are not supposed to be manipulated. But they are. They are not manipulated by the traditional methods, they are manipulated by whales, who have an endless supply of money. Whales can buy when ever they want, many times they dont care if they lose money or not. Because they know that sooner or later, they will get their money back, with interest.

[Kingkhan12 334]

Dear lack of knowledge is main reason for his low price.

 

[Alexbhatti 1492]

Hello my friend, I think the price of cryptocurrencies depends on the demand and supply of the coins. As well as we talk about Bitcoin, it is clearly said that when there is increased in demand of Bitcoin, the price also increase, and the supply of Bitcoin increases then the price will decrease.