Over time, cryptocurrencies seem to be getting more and more, causing many investors to panic. The encryption market situation throughout the year has been bad. Weeks and weeks, month after month, bad news piled up and prices fell. Traders and investors have been asking themselves why bitcoin coin will fall?

Of course, there is good news, but it seems that the benefits are not enough to exceed the bad bitcoin news. Then, in August of this year, things finally began to look up. Prices have soared again, and there have been many positive developments, new projects, partnerships and more. Investor confidence began to return, and we even saw an increase in interest in cryptocurrencies.

However, the positive development is coming to an end, and now Bitcoin and its altcoin are in another state of free fall. As the market returns to its bearish nature, prices fall again. Many investors are wondering why this is happening? Why is bitcoin going down, especially in the case of all seemingly in place in August? There are actually several reasons why this is happening now. Although no one can solve this problem by itself, it is still useful to understand what is happening.

Bitcoin has fallen several times this year for various reasons. Whether it's oversold, or has experienced negative news, it's something completely different - it's well known that these things will affect bitcoin price. Although Bitcoin is just one of hundreds or even thousands of cryptocurrencies, it is still the representative of the industry. Therefore, no matter what happens to BTC, it usually happens on the altcoin.

This summer, Bitcoin has fallen several times and its price fluctuated between $6,300 and $8,400. Its collapse is mainly related to Bitcoin ETF requests submitted by companies. So far, the US Securities and Exchange Commission has rejected all of this, indicating that they lack trust in Bitcoin.

Many experts claim that it is still too early to consider ETFs, and this is the best thing in 2019. However, many people think that the time is ripe. Obviously, the US Securities and Exchange Commission does not agree with them. So far, it has rejected the Bitcoin ETF request or postponed the decision. In both cases, they have destroyed the market because investors’ confidence in BTC has been shaken.

This is mainly the reason for the collapse of bitcoin coin in July. When it comes to August this year, it is very friendly to the cryptocurrencies, and it even has a small bull market that caused the price to rise for the first time since May 2018. However, with the end of August and the takeover in September, a new era of coin has also arrived.

It all happened about a week ago, on September 5th, an old encrypted wallet that had been dormant for four years began to be active again. The wallet is full of BTC, which begins to split the coins into small groups and then continues to send them to the exchanges. No one knows who the owner of the wallet is, and different theories quickly pile up.

But why is Bitcoin going down? Well, as mentioned above, the wallet is full of BTC, which contains about 111,000 coins, which is equivalent to more than $800 million at the time of the BTC. Investors are worried that if so many coins return to circulation, the price of BTC will fall.what’s more, the bitcoin market is changeable. As a result, many of them have cashed in and prices have fallen.

Then, just a few days later, Goldman Sachs announced its decision to postpone the opening of the encrypted trading desk. Instead, they will focus on other projects until better regulations come and reduce the risk of institutional investors. This has already hit the market badly, because many people think that the cryptocurrencies to enter Wall Street will become the real changer of digital currency. Now, it seems that it still won't happen.

Today, many people believe that prices are deliberately manipulated, and anyone who makes a BTC dump knows about Goldman Sachs' trading desk plan. The truth is that the US Securities and Exchange Commission claims that BTC is still too easy to manipulate, and it is not yet time to approve the ETF. According to recent events, they seem to be correct.