What is the reason of the recent drops in Bitcoin price?

[lili song]

At a basic level, low volume. In fact, today Bitcoin saw the least amount of volume it’s seen since late November. It’s about half of the volume average of the last 30 days. The last time volume was this low, the BTC price (and therefore market cap) were almost exactly the same.

If we bounce off this uptrend and find consistency at this level of volume, we could finally be in for some consolidation - some sideways price action.

This is what we need to see before we can expect any major move up BTC

When bitcoin price drop down, many people's panic and sell their bitcoin, because of that the price drop down. But that issue about bitcoin sometimes is not true, so calm down and hold your bitcoin. Bitcoin every years increase fast, believe that first before invest in bitcoin.
Bitcoin until now is still leaders of the market.

[~Spawn~]

The network is working incredibly fine. So I think it's just the fact that there is not much hype around it right now. And maybe it is a good thing, since there was too much people entering crypto for a quick buck, without any knowledge about the technology and no long term mindset.

[kikoy999]

The reason why bitcoin price drops today is because investors are losing because they see social media scams bitcoin only so they are afraid to invest in it.

[Em00n01]

I think it is because of fud. There are too many negative news in social media about Bitcoin. That's why the panic seller selling their Bitcoin instead of holding it.

[zrock21]

The price of bitcoin decreases for some reason such as exonomic-related problems. And also, there is country itself conflicts that should be prioritize first

[bellakrstna]

I think the reason why the Bitcoin's price get down is some people get the bad news about Bitcoin, and then they dump Bitcoin in a large number. So it affect the market.

[Sevarchik]

Last price dropping was after some news about problems with #1 exchange Binance

[Pursuer]

FUD, panic, more drama, more drop, getting out of hand, entering bear market and finally losing the buy support. so the drop continues for the time being until the buy support comes back and also after the market makers became satisfied with their cheap bitcoin accumulation and stopped dumping and the FUD stops being spread.

[h0lybyte]

What basically happens when you see the bitcoin price going down is that the groups holding large quantity of coins try to manipulate the market. As soon a $1000 drops in price, small investors like us start selling their coins by misunderstanding the situation and the price continues to drop for some time. But now there are no false rumors around, hopefully the price will come on its flowing track soon

[Jcabudx]

For me I think the reason why bitcoin price fall down is because its supply and demand in the market. Because when the demand in the market is low the price will also get low.

[Imaginarydigy]

I believe recent price drops have been due to an influx of bad news.  Facebook and Google have banned ads relating to crypto and ICOs.  Many countries are debating how to regulate the crypto market.  I think the price will rise again once the storm is over.

Digital Currency is a new technology price keep changing. The rapid changes in its value its because most Bitcoin is owned by a tiny group of people. There is volatility in Bitcoin when the value has risen it will dropped sporadically.

[Imaginarydigy]

The network is working incredibly fine. So I think it's just the fact that there is not much hype around it right now. And maybe it is a good thing, since there was too much people entering crypto for a quick buck, without any knowledge about the technology and no long term mindset.

There is recent drops in Bitcoin price because its a new technology and price keep changing but hopefully it will get more stable in the future and the best way for Bitcoin becomes steady and stable when more people join.

[mudasarali43]

I think there are some reasons that makes the price down,
Facebook, twitter and google take action for new ICOs advertising ban because of some people make scam in the name of new ICO,
Some countries ban bitcoin,
Recently Pakistan and India ban the bitcoin and in this way due to some bad news the impact is negative,

[loof99]

 I think one of the basic reasons of having a lower market value of bitcoins is the season. 
Other people says through demands because of this month not all people used their money for vacation trips which losing their investors which leads to a lower amount.

[blacksnapper94]

because of the number of bad news or issues about bitcoin so many are selling bitcoin so that it affects the bitcoin price reduction itself

[Rakabel619]

Hello. in my opinion, the bitcoin value will increase but will grow hard in time. I think it will be a year or two before it reaches $ 20000

[johnlhy253]

Bitcoin works as like the demand and supply. If the demand is high then relatively bitcoin supply will last and its price also is expensive. This is the indicators of purchasing bitcoin. Buying bitcoin if there are many supply will be ideal for it we could recognize the price surely cheaper. So essentially if we are here making an investment therefore we should buy when the price of bitcoin is low. However the main reason why there higher droppings of market bitcoin price is that there are rich peoole investing in it. And once they sell their coins relatively it will create.an impact to the demand and supply of bitcoin.

Thank you for this information. This is true economic principles.

[VclDm]

because of the number of bad news or issues about bitcoin so many are selling bitcoin so that it affects the bitcoin price reduction itself

I think that current bitcoin prices are down to be adjusted and more stable in the coming time. After this time, the price of bitcoin will increase and thrive in the cryptocurrency market. You should be calm and patient waiting for the fluctuations in the positive direction of the market.

[GeorgiyBilyk]

At a basic level, low volume. In fact, today Bitcoin saw the least amount of volume it’s seen since late November. It’s about half of the volume average of the last 30 days. The last time volume was this low, the BTC price (and therefore market cap) were almost exactly the same.

If we bounce off this uptrend and find consistency at this level of volume, we could finally be in for some consolidation - some sideways price action.

This is what we need to see before we can expect any major move up BTC

I'm sure that such a low value to someone is very profitable! and I'm sure that now they are buying up a huge quantity of bitcoins, not through the exchange! serious players want to buy cheaper, and then the price will grow up! the price will grow upwards, because large purses will need to profit from investments and sell its bitcoin!on this do not worry, now the course is specifically lowered down! it means one thing, soon everything will start to grow and you will need to record your profit on time!

[tree1100hn]

Is it not OK that this trading platform's BUG caused the price to fluctuate greatly? There are other news in the mix?