The cryptocurrency markets have seen a massive drop over the last 24 hours, with coins such as Bitcoin and many more of the altcoins as well noting a considerable drop in their price. Bitcoin is currently valued at just over 30k, which is more than a 10% drop in its price over the last day. What do you feel are the reasons for this?
Do you think that the new Biden presidency has anything to do with the drop in Bitcoin price as the dollar begins to strengthen against the other currencies? Or do you think that this is just as a result of people selling out their coins to prevent future losses?
Do you think that the new Biden presidency has anything to do with the drop in Bitcoin price as the dollar begins to strengthen against the other currencies? Or do you think that this is just as a result of people selling out their coins to prevent future losses?