Why are cryptocurrencies dropping?

[vandarkholm]

Cryptocurrency may fail for many reasons, some of them are the high price of Bitcoin, limited number of its own coin, high transaction fee, and lack of government support.

For the above-mentioned reasons, the high price of Bitcoin is one of the most important reasons why cryptocurrency will fail. The high price of Bitcoin makes it impossible for most people to mine Bitcoins, and it is also very difficult for normal people to buy Bitcoin. Cryptocurrency is highly volatile, which makes it very difficult for people to use it to purchase real products and services.