The BDOs description explains why the price of Bitcoin, a foreign currency, is decreasing day by ...

Reasons for Bitcoin Price Drop Detailed Analysis There are several important reasons behind the sudden drop in Bitcoin are beautifully highlighted below: Market Panic The sudden sale of big investors and the spread of negative news creates panic among ordinary people start selling quickly, resulting in a fall in Crackdowns If the government or regulatory agency of a country bans cryptocurrency or imposes strict rules, it has a negative impact on the example, such a decision in China or the United States directly affects the price of Taking When the price of Bitcoin increases significantly, many big investors start selling to take their increases the supply in the market and the price Correction Many times, there is a natural profit correction in the a long period of price increase, there is a natural Impact Global Economic Crisis, high interest rates or a rising dollar these factors have a negative impact on Bitcoin people tend to invest in safe News Social Influence A major hacker attack, exchange shutdown or negative comments from a prominent figure can cause Bitcoin prices to drop : Bitcoin price declines are part of a natural market , proper research, market analysis and risk management should be done before any investment.