Not every price drop needs to have a reason. These are the characteristics of a free market and that is what a free market does.

Anyone who is not a newcomer to the crypto world knows that Bitcoin rises or falls from time to time and that is completely normal. This is still a highly volatile market and nothing new but a reality that we all accepted when we invested our money in cryptocurrencies.

Bitcoin has been doing this since its inception.

If the price of Bitcoin, and therefore other cryptocurrencies, is drastically dropped, the people who hold it are people who believe in financial alternatives, freedom, revolution.

For new investors, this may be surprising, but we don't always have to have a reason why the market is now red while yesterday was green.