One of the strongest reasons why this is falling $BTC and all the other major cryptocurrencies is nothing other than the issuance of new coins listed by all the exchanges! The Middle East matters, Russia and Ukraine matter, China and its competitive trade matter, the crisis in South America matters, and the European community competing with the Euro matters, Trump matters, and many other things!! But one important point that has not been highlighted is the investment in new cryptocurrencies by the people!
As happens in all supply and demand, if there is only one person selling fish and they are doing well, everyone buys only from them, so prices go up and they have the monopoly.. then the neighbor comes and also sells fish! And so on until everyone sells fish! And the first one who turned their fish business into an empire sees a drop in profits, and the fish prices go down... If everyone invested only in the top 5 cryptocurrencies, we would be rich just by investing in these! The Whales take advantage of this situation by making people believe that X coin is the new great investment and rob everyone!!! This happens daily and the user does not focus on investing in strong and reliable coins!! In summary, the market is full of speculation and thieves to whom the law cannot be applied. You know another reason why it falls $BTC and all the others!