if only one factor china, maybe the dump will recover quickly but now this dump is due to the pure downturn in the market and the correction that caused it. so that in my opinion no one is to blame at the time of decline because it is pure

To know the market situation we need to read the news. Although there are some digital media that spread FUD towards bitcoin, we also have others with accurate information to know what really happens.

I was also alarmed on July 20, 2021 when bitcoin fell to $ 29,772.66. Take a look at the media where almost all of them reported that the bitcoin mining businesses were leaving China for the USA, Canada and Kazakhstan.

OKAY! I thought this is the reason.
Fortunately, the migration of bitcoin miners did not affect the crypto market that much. In fact it was a good opportunity to buy the dips.


Some might feel depressed like me on the 19th, 20th but on the 21st just 24 hours ago The BTCWord was held and suddenly all change in the crypto market, the price of bitcoin today stands at $ 32,316.38. Prominent advocates such as Jack, Nick Carter among others and Elon Musk participated in the event, which in conclusion was a positive gathering for the bitcoin community.

OP:Hi,
In my particular opinion, bitcoin is healthier than ever, I don't know what the nerve or the restlessness is bitcoin is where perhaps it should have been in the first quarter of the year 2021.

Although some may feel overwhelmed at having gone under $ 30k and "require" bitcoin to reach "unexpected" levels, when this is the most real price it can have today, move back in time to early 2021, as you will would feel with this price after having broken the barrier of $ 20k, great.

This year's ATH blinds us, but look at how horizontal bitcoin has been since May 22, obviously with bands of $ 1000, $ 2000, $ 8000 (+/-) giving a winning line if you know how to use it, bitcoin is not always ATH to be fine, that's why maybe your comment falls more in the trading area, although you don't say much in the OP.




 

It is clear that China is the main reason of the current market decline. After China banned bitcoin mining in their country many miners were forced to sell their bitcoins and close their mining sites.

I don't know how many times china ruined the entired market, i feel like almost every year china do this kind of thing to ruined entire market.

And another reason is ElClownMusk, she so hypocrite and i hope she stop manipulated the market.

China is not the sole reason. The closure of Bitcoin mines have contributed to the decline in a big way, but some role was played by the hostile actions of the government in the United States. Ever since Joe Biden was elected as the president, and Janet Yellen appointed as the secretary of the treasury, the government attitude towards cryptocurrency in that country have become more confrontational. On top of that, several lawmakers, including Elizabeth Warren and Joe Manchin have become more vocal nowadays. 

The causes.that occur.with the decline.in bitcoin are indeed.many and also have several factors.that will.affect the price of bitcoin itself.especially regarding the global stock.market which is.the trigger for the decline.in bitcoin prices.for now, but for us.it has.become commonplace.in the crypto world. and the price will be back to normal in the near future we just hope so

Can anyone really point out what's causing the declination. It's a normal thing when the price rises or falls..but the recent sudden declination is quite alarming. In my opinion I'd say there has been a major imbalance in the market system (the inflow and outflow of the coins).
And it could be something entirely different.