that the price of Bitcoin will continue to fall. Even the experts predict that the price of Bitcoin will fall below $25k this May.
What Causes Crypto Prices To Drop?
What Causes Crypto Prices To Drop?
Last edited:
Bitcoin Prices Drop?
- Thread starter Suba
- Start date
The first reason is the Ukraine war means this will postpone any benefical economical activity as most of things drops down during this war. The second thing is the inflation of money during these years.
The turbulence in the cryptocurrency market is of great concern. So many crypto investors are counting their losses.
I hope that it would come to pass very soon.
I hope that it would come to pass very soon.
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The Bitcoin continue on a steady decline and it as even declined more than the value that you have stated above. This is indeed a sorry situation for the Bitcoiners.
Efelexy
Familiar Face
From my own personal experience as a financial analyst, what causes price to fall is simply demand and supply due to economic factors and changes.
Th drop is usually and always caused by the forces of demand and supply. That is, when the demand for it is high, there will be increase in the price and value of the crypto and vice versa.
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Prices going down is not new in the crypto world. After the drop, the price will go too high. The only question is when. The current drops is mainly because of global recession.
The price of Bitcoin is hovering around $17k presently and it has failed to break the resistance at $20k.
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