I was really watching all these news and rumours of everyone and I were really questioning my self if you would post on this topic.

I think that recent events like Tether FUD, india, korea , chinesse ban all of these lately news have played a big role in the bitcoin's path over the last few weeks. There is also the bitcoin futures which started about 1 month and a half ago who took a big role.

I feel like Bitcoin is really manipulated right now with all these stuff and people are playing with it. One major factor of why the whole market drop is obviously bitcoin price. Cryptocurrencies interest drops towards the masses of people as the bitcoin price drops. If you go outside and take some random people who have heard by crypto once they only heard about BTC.

What is the problem? Well, lately bitcoin dominance dropped as there was a lot of ethereum potential considering ERC20 Tokens and ICOs invasion so therefore a lot of people moved away from bitcoin. Then, bitcoin lost a lot a lot while ethereum gained a lot. This chart explains it really well.

Now, the market's future is in our hands. People either move back to BTC in order for it to come back stronger, else ethereum will take #1 place in the near future and then we will need time and patience untill masses of people will get educated about cryptocurrency. There was nothing catchier than a coin who jumped 10.000$ in few weeks for an average person.

What are your guys thoughts on this? Steem on!