Why of Bitcoin has dropped below USD 6800 today

[RemarkJohn]

Here is the explanation, After a period of relative stability between USD 8000 and USD 9000. The value of butcoin fell to below USD 6800 today.

The stable price of this virtual money has shifted since mid-December when it hit a record high of more than 19,850 dollars. The value of bitcoin dropped shortly before Christmas by almost being at 2 thousand dollars in just one hour at a point. Also, almost slipped under 11 thousand US dollars.

Then its value goes back up, before falling again in mid-January and early February. In March the decline in bitcoin prices was below 10 thousand US dollars and reached a low of 6,500 US dollars, before soaring above 7 thousand US dollars.

Experts say the cause of bitcoin degenerates is the unclear prospect of regulation and a series of profile thefts have contributed to the decline in bitcoin values ​​in the cryptocurrency exchange. Google which released the announcement will prohibit cryptocurrency ads on its pages since June is also a major blow to the sector.

Meanwhile, last year's rise, bitcoin caused an increase in interest rates in other digital currencies such as ethereum, litecoin, and more. Now more and more people are looking for ways to invest in digital currency.

However there is a serious fear of bitcoin can explode at any time. Many financial experts have advised potential investors to avoid bitcoin and the United States Securities and Exchange Commission has notified the public to be careful of fraud.

[socksserver3]

Today, interest in crypto-currencies is huge, and I do not see what can reduce it in the near future. Undermine trust is capable of perhaps a powerful hacking system. The main focus is, of course, on bitcoin - because of its popularity and large market capitalization. But other currencies are also starting to gain momentum.

[Proton2233]

Here is the explanation, After a period of relative stability between USD 8000 and USD 9000. The value of butcoin fell to below USD 6800 today.

The stable price of this virtual money has shifted since mid-December when it hit a record high of more than 19,850 dollars. The value of bitcoin dropped shortly before Christmas by almost being at 2 thousand dollars in just one hour at a point. Also, almost slipped under 11 thousand US dollars.

Then its value goes back up, before falling again in mid-January and early February. In March the decline in bitcoin prices was below 10 thousand US dollars and reached a low of 6,500 US dollars, before soaring above 7 thousand US dollars.

Experts say the cause of bitcoin degenerates is the unclear prospect of regulation and a series of profile thefts have contributed to the decline in bitcoin values ​​in the cryptocurrency exchange. Google which released the announcement will prohibit cryptocurrency ads on its pages since June is also a major blow to the sector.

Meanwhile, last year's rise, bitcoin caused an increase in interest rates in other digital currencies such as ethereum, litecoin, and more. Now more and more people are looking for ways to invest in digital currency.

However there is a serious fear of bitcoin can explode at any time. Many financial experts have advised potential investors to avoid bitcoin and the United States Securities and Exchange Commission has notified the public to be careful of fraud.

All these arguments are an attempt to find a clear explanation of the reasons for the decline in prices. But I don't think that could be the reason. The popularity of bitcoin and the price of it grew even at a time when most governments did not recognize it and even imposed bans on its use. Perhaps we need to prepare for the fact that we will need a long time to keep their coins in order not to lose all our savings.

[Red-Apple]

i don't see any valid reason here, all i see is people trying so hard to explain what they don't have any explanation for and in the end come up with anything they can just so that they have had a reason to satisfy their own mind. the reality is there is no reason for the recent drops and it has been like this for a while which is why many are staying away until market becomes more logical then they will invest back in.

[Sir Cross]

Here is the explanation, After a period of relative stability between USD 8000 and USD 9000. The value of butcoin fell to below USD 6800 today.

The stable price of this virtual money has shifted since mid-December when it hit a record high of more than 19,850 dollars. The value of bitcoin dropped shortly before Christmas by almost being at 2 thousand dollars in just one hour at a point. Also, almost slipped under 11 thousand US dollars.

Then its value goes back up, before falling again in mid-January and early February. In March the decline in bitcoin prices was below 10 thousand US dollars and reached a low of 6,500 US dollars, before soaring above 7 thousand US dollars.

Experts say the cause of bitcoin degenerates is the unclear prospect of regulation and a series of profile thefts have contributed to the decline in bitcoin values ​​in the cryptocurrency exchange. Google which released the announcement will prohibit cryptocurrency ads on its pages since June is also a major blow to the sector.

Meanwhile, last year's rise, bitcoin caused an increase in interest rates in other digital currencies such as ethereum, litecoin, and more. Now more and more people are looking for ways to invest in digital currency.

However there is a serious fear of bitcoin can explode at any time. Many financial experts have advised potential investors to avoid bitcoin and the United States Securities and Exchange Commission has notified the public to be careful of fraud.

A lot of factors can affect the value of bitcoin like public sentiments, government regulations, hacking, and even illegal activities. I think that eventually, bitcoin mining setups will cost a lot more than it should in the future. By then, the return of investment would be so low that none would have the patience nor resources to further or begin investing in bitcoin, that might lead to its inevitable crash.

[MinerHQ]

i don't see any valid reason here, all i see is people trying so hard to explain what they don't have any explanation for and in the end come up with anything they can just so that they have had a reason to satisfy their own mind. the reality is there is no reason for the recent drops and it has been like this for a while which is why many are staying away until market becomes more logical then they will invest back in.

Without any reason, no prices will move either up or down similarly for the current down market also some reason and without that prices will not go. But I do agree that we all may not be knowing the exact reason but based on our knowledge we will assume or come to some conclusion why prices are going and nothing wrong with in doing. For current market down a lot of negative news coming out from either experts or government regulatory bodies.

[jekanmasin]

it might due to many fud lately about bitcoin and more and more bad news about bitcoin these day cause a panic sell to investors. nothing to worries about the trend are still dropping. it will stop. keep believing at bitcoin.

[jrrsparkles]

Here is the explanation, After a period of relative stability between USD 8000 and USD 9000. The value of butcoin fell to below USD 6800 today.

The stable price of this virtual money has shifted since mid-December when it hit a record high of more than 19,850 dollars. The value of bitcoin dropped shortly before Christmas by almost being at 2 thousand dollars in just one hour at a point. Also, almost slipped under 11 thousand US dollars.

Then its value goes back up, before falling again in mid-January and early February. In March the decline in bitcoin prices was below 10 thousand US dollars and reached a low of 6,500 US dollars, before soaring above 7 thousand US dollars.

Experts say the cause of bitcoin degenerates is the unclear prospect of regulation and a series of profile thefts have contributed to the decline in bitcoin values ​​in the cryptocurrency exchange. Google which released the announcement will prohibit cryptocurrency ads on its pages since June is also a major blow to the sector.

Meanwhile, last year's rise, bitcoin caused an increase in interest rates in other digital currencies such as ethereum, litecoin, and more. Now more and more people are looking for ways to invest in digital currency.

However there is a serious fear of bitcoin can explode at any time. Many financial experts have advised potential investors to avoid bitcoin and the United States Securities and Exchange Commission has notified the public to be careful of fraud.

But I didn't find any reason why the rice fell below $6800 in your explanation,maybe this is due to the short term investors or manipulation again from the whales who initiated the price fall by selling huge bitcoins which causes panic selling among the newbie investors so this is like another chance to buy bitcoin at the lower price take it as a positive for us.

[khaled0111]

Bitcoin and other cryptocurrencies dropped because of the exchange Coinrail (based on South Korea) was hacked.
Maybe they lost around 40 million dollars.
Such hack will, surely, affect the cryptocurrency market and make it fall.
It happened before and the recovery will take few days.

[2beAmillionaire]

That's only part of volatility of bitcoin in the cryto market,nothing to worry about this. It is also given a great oppportunity to everyone investors to buy now and hodl for long term investments,it will be profitable soon.

[freesia_pnp888]

mate, there will never be a valid and solid reason for the dropping price of bitcoin either ways, people keep making speculations but so far, i've seen no one comes close to the conclusion of why the price has been dropping lately, yes i appreciate your insight but life doesn't work that way.

[Crypto_Sassy]

OP just combined few sentences that do not explain anything about price drop.

[Ferry22]

Bitcoin and other cryptocurrencies dropped because of the exchange Coinrail (based on South Korea) was hacked.
Maybe they lost around 40 million dollars.
Such hack will, surely, affect the cryptocurrency market and make it fall.
It happened before and the recovery will take few days.

Yes, what you say, I also just heard this news. Apparently a lot of bad people who want delicious own. stealing bitcoin for the enjoyment, it is really very regrettable. hopefully Bitcoin can recover soon, and its prices can be stable again.

[TrumpD]

Nice try Op, but you haven't said anything that we don't know already. As for those alluding to an exchange being hacked as the cause, we've had that before, and more exchanges would be hacked in the future. My guess is that after the surge last year, which took the market by surprise, the currency is finding its true value now. Its all demand and supply.

[Rainbowwww]

Today I sold all my cryptocurrencies. Because I think that bitcoin will drop to 5000 dollars. And all market will be red.

[Drfalcon]

Some tokens were stolen from the CoinRail exchange market. Especially PUNDIX is very influential. In addition, in the United States, some exchanges are investigating income and expenditure. Because; It is said that they manipulated the price of bitcoin

[djmixen]

Well, your explanation sounds great, you have a point on that, but we need to prepare no matter what happen on the price of bitcoin, just hold and wait for the right time about it because we can't predict what was really happen on our bitcoin, just enjoy and positive things will follow.

[audaciousbeing]

Here is the explanation, After a period of relative stability between USD 8000 and USD 9000. The value of butcoin fell to below USD 6800 today.

The stable price of this virtual money has shifted since mid-December when it hit a record high of more than 19,850 dollars. The value of bitcoin dropped shortly before Christmas by almost being at 2 thousand dollars in just one hour at a point. Also, almost slipped under 11 thousand US dollars.

Then its value goes back up, before falling again in mid-January and early February. In March the decline in bitcoin prices was below 10 thousand US dollars and reached a low of 6,500 US dollars, before soaring above 7 thousand US dollars.

Experts say the cause of bitcoin degenerates is the unclear prospect of regulation and a series of profile thefts have contributed to the decline in bitcoin values ​​in the cryptocurrency exchange. Google which released the announcement will prohibit cryptocurrency ads on its pages since June is also a major blow to the sector.

Meanwhile, last year's rise, bitcoin caused an increase in interest rates in other digital currencies such as ethereum, litecoin, and more. Now more and more people are looking for ways to invest in digital currency.

However there is a serious fear of bitcoin can explode at any time. Many financial experts have advised potential investors to avoid bitcoin and the United States Securities and Exchange Commission has notified the public to be careful of fraud.

I personally don't need an expert to know the reason why price is falling as every of the suggestions especially the bolded are just speculations and comments about what is already known to someone who have spent average number of days in crypto currency and sensitive to recent happenings. The simple answer to all of those is that the confidence level has dropped drastically. The moment the majority loses interest in a particular thing, the effect is what we see that is happening.

The social media is a great tool at which the penetration of crypto currency is being propagated but when it the ban came, we all thought bitcoin had grown so huge to not be affected by such alas, we have all been proven wrong times without number. Another part is ICOs, we like to analyse and conclude that all ICOs are scam without propagating the importance that some are actually worthwhile investment that could bring about enormous return within a short period of time. Another is the issue of hacking of exchange sites that are going unabated every time and no one is being held responsible.

[palle11]

it might due to many fud lately about bitcoin and more and more bad news about bitcoin these day cause a panic sell to investors. nothing to worries about the trend are still dropping. it will stop. keep believing at bitcoin.

I strongly do not consider FUD as the reason for this bitcoin drop lately. Recently, bitcoin has withnessed many good news and many information have been flowing about some countries adopting it like Australia and others making strong positive statement about it. So, I don't think so in my view

[ETHtotheMOON1]

Here is the explanation, After a period of relative stability between USD 8000 and USD 9000. The value of butcoin fell to below USD 6800 today.

The stable price of this virtual money has shifted since mid-December when it hit a record high of more than 19,850 dollars. The value of bitcoin dropped shortly before Christmas by almost being at 2 thousand dollars in just one hour at a point. Also, almost slipped under 11 thousand US dollars.

Then its value goes back up, before falling again in mid-January and early February. In March the decline in bitcoin prices was below 10 thousand US dollars and reached a low of 6,500 US dollars, before soaring above 7 thousand US dollars.

Experts say the cause of bitcoin degenerates is the unclear prospect of regulation and a series of profile thefts have contributed to the decline in bitcoin values ​​in the cryptocurrency exchange. Google which released the announcement will prohibit cryptocurrency ads on its pages since June is also a major blow to the sector.

Meanwhile, last year's rise, bitcoin caused an increase in interest rates in other digital currencies such as ethereum, litecoin, and more. Now more and more people are looking for ways to invest in digital currency.

However there is a serious fear of bitcoin can explode at any time. Many financial experts have advised potential investors to avoid bitcoin and the United States Securities and Exchange Commission has notified the public to be careful of fraud.

I'm not sure whose fear is that, but not mine. Bitcoin is way beyond the point where it could explode, I think it's better chance USD will explode because of its fraudulent management by FED