Why Bitcoin price is falling?

[SirLancelot]

Most people are not trading at the moment because of this. Many indicators prove it, like low daily volumes and outflows of coins from exchanges. For instance on Bitfinex, daily trading volumes between November 2020 and  March 2021 were mostly between 10k and 25k BTC. Since April of this year they're between 3k and 6k. People are choosing to wait this out, either by holding fiat/stable coins, or taking their BTC out and deciding not to participate in this market. I feel like only 2 types of people are left now: leveraged speculators desperate to make some money and big manipulators who try to squeeze them.

That drop in the volume of trading is proof that people are not hyped about bitcoin at all. The increase in volume usually happens when the price rises, and it is not rising at all right now, on contrary it is falling right now instead.

This makes people stay away from crypto, they either sell and get out, or they just hold it and not sell but nobody is trading with hype right now. The ones that are left are either low number of buyers, or they are trading it daily and that is how they make their money. So, I would guess that when the price starts to go up, it will be higher volume again. Check the past few weeks when it was 48k and you will see it higher.

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[asrinur]

It's hard to know for sure what caused the bitcoin price to drop. However, one of the factors that made the price of bitcoin go down was that more and more market sentiment was negative. As we know that the more negative sentiment in the market will have an impact on the decline in the price of bitcoin and altcoins. Negative sentiment could be fueled by a series of gloomy news that caused some people to panic. The negative market sentiment has persisted in the last few weeks so the bitcoin price dropped to the current $33k area.

[lienfaye]

I have been thinking of the possible reasons of the bitcoin falling down. Since I am not an expert on the Currency I cannot predict or give any reason. That is why I want to know the reasons. Please if anyone can tell me I will appreciate. Thanks.

Although bearish market is inevitable and common because thats how it works, sometimes we want a certain reason for the downtrend. Most likely investors are selling their coins and might be converting it to stable coin to prevent further losses. The current price is over $33k, a value that probably some investors are afraid of to go down further. Whales might be manipulating the market to take advantage if the price is good enough to buy back. Its just an speculation but what im certain is, this is just temporary hence there's no need to stress yourself by monitoring the market often to see if there's a changes because it cant help.

[rodskee]

Yesterday the price skyrocketed more than 4% and almost reached $40k, unfortunately today there is a correction of more than 8% and it looks like it will continue, many experts believe bitcoin price will drop below $30k this week, maybe this is FUDs spread by whales to buy cheaply.

that should be the last pump before the Dump and that is what mostly happened even in the past, when there are some whales trying to Pull up the price so there will be newbie and weak that will count this as hyping then it will be dumped so there are other victims .

sadly there are some of my friends that bought in that level and now losing shortly.

I understand being concerned with BTC price volatility. It’s definitely in a correction right now but give it some time. I suspect it has to do more with the world economy and war in Ukraine than anything else. I recommend being patient and holding long as BTC is bound to reach record highs in the near future. If you look at the price historically it consistently reaches new highs after a correction as adoption and uses for the blockchain is growing.                                                            

it is not correcting but this is the dumping season in which must had happened in the beginning of the year.

[btc78]

Unlike in the past, the cryptocurrency market does move according to the global financial situation and the exact reason why the market is going down rapidly is because of the fear of recession is looming upon is and in situations like these, investors would bail out and look for much safer investment like gold and the raising of the interest rate is another factor for the fall.

At this time, the crypto movement factor is not too far away, as well as the global financial situation will determine the market will go down or just collapse, the dollar and gold are still the main sources in determining crypto movements, negative and positive reactions really depend on how the dollar and gold react, although in general crypto is not tied completely to anything, but this role is still the same to whatever will happen in the future, recession and inflation can affect fiat currency or crypto as a whole

Crypto does not stand alone and now that it has become a part of the global economy, it will also be influenced and governed by events that are happening in the world. We are in a period where wars and inflation are at record highs all financial markets in general are selling and withdrawing not only cryptos.

Like Pandemic and the War happening now? year there are world issues that affects market and specially crypto prices in which we are experiencing now and even in 2020.

With the Fed expected to continue raising rates between now and the end of the year, this will cause a lot of volatility for bitcoin or the market in general, so don't expect too much a growth this year.

if they are going to continue raising rates then this will be the market fulling down and may effect the whole market till now.

but Maybe there is still Hope for all of us , we only need to trust the system lol.

[BobK71]

It is not always the case that Bitcoin relies on crypto news. It is often seen that there is no news but it is decreasing. It is often affected by hype. There are many channels in the crypto world where fake news and events occur everyday. So it would be better to research and have to adopt with the current market.

[Quidat]

Unlike in the past, the cryptocurrency market does move according to the global financial situation and the exact reason why the market is going down rapidly is because of the fear of recession is looming upon is and in situations like these, investors would bail out and look for much safer investment like gold and the raising of the interest rate is another factor for the fall.

At this time, the crypto movement factor is not too far away, as well as the global financial situation will determine the market will go down or just collapse, the dollar and gold are still the main sources in determining crypto movements, negative and positive reactions really depend on how the dollar and gold react, although in general crypto is not tied completely to anything, but this role is still the same to whatever will happen in the future, recession and inflation can affect fiat currency or crypto as a whole

Even though it didn't move too far, in recent days bitcoin's decline was felt.
I don't know what else is happening behind the current decline in the price of bitcoin, even though last week the price of bitcoin has started to improve.

Many factors that affect bitcoin corrected again, market conditions have not fully recovered for the next few months, continue to do basic analysis to avoid losing money when investing anywhere, so the decline in the price of bitcoin is starting to get used to the same thing, especially for cryptocurrencies, many coins automatically general has been corrected without exception

Bitcoin is the main trend setter which whenever its price do decline then all of coins in the market would do the same even though there are some who do go into the opposite way
but still in overall market trend will really be still on bearish mode.Speaking about precise reasons on why this market had plummet down then no one could really tell on whats behind.
Whether it is about the war,inflation and other fuds in the market which we couldnt really tell at all. Instead on making yourself freaking out on this dips then
its more better if you do consider on buying back on cheaper coins we do have in the market.

[Marvell1]

It's hard to know for sure what caused the bitcoin price to drop.

 Bear market cycle, 4 year cycle will repeat.

 Current world economic situation: The protracted war between Russia and Ukraine has disrupted supply and demand around the world. High inflation the Fed raised interest rates caused the dollar to rise, causing gold and bitcoin and other assets to plummet. Bitcoin is considered an anti-inflation solution, but currently investors' confidence in it is still not high so bitcoin is still not considered a safe-haven option.

[Nrcewker]

I have been thinking of the possible reasons of the bitcoin falling down. Since I am not an expert on the Currency I cannot predict or give any reason. That is why I want to know the reasons. Please if anyone can tell me I will appreciate. Thanks.

Let’s keep it very much simple mate.
Bitcoin is a digital asset. If you don’t think so then for a certain time consider it as an asset.
Now there are already a fixed amount of Bitcoins developed or made and no more can be made.
So when the demand is more and the supply is fixed or you can say less, then the price of a that specific product increases. Same happens with Bitcoins also.
When the demand is more, supply less then price of the coin rises.
In the other hand, when the demand is less and people start’s selling Bitcoins, then the price gets down.
Hope I made you understand a little bit about the price fluctuations OP.

[Reatim]

It is not always the case that Bitcoin relies on crypto news. It is often seen that there is no news but it is decreasing. It is often affected by hype. There are many channels in the crypto world where fake news and events occur everyday. So it would be better to research and have to adopt with the current market.

News has nothing to do with Bitcoin price nowadays mate , we have often see Bad news but the prices are still intact , while there are Good news happens but the price stays dumping, so it is not the news that matters here but of course the real movement of the market.

[kelonmusk]

as far as I know that the rise and fall of a cryptoqurrency including bitcoin is caused by the pattern of supply and demand in the market. market sentiment and negative news can also affect it, correct me if the perception is wrong. apart from that, I think this could be an opportunity for you to buy more BTC when the price is correcting down.

[btc_angela]

as far as I know that the rise and fall of a cryptoqurrency including bitcoin is caused by the pattern of supply and demand in the market. market sentiment and negative news can also affect it, correct me if the perception is wrong. apart from that, I think this could be an opportunity for you to buy more BTC when the price is correcting down.

That is the basic tenant economics of every commodity and asset known to man, supply and demand.

The question is what affected the demand? is there some news around? the answer is yes, with the war still happening in the Europe then it will have a impact on the price. Couple that with what is going on with Terra LUNA, this could also impact the price short term.

[LogitechMouse]

I have been thinking of the possible reasons of the bitcoin falling down. Since I am not an expert on the Currency I cannot predict or give any reason. That is why I want to know the reasons. Please if anyone can tell me I will appreciate. Thanks.

Bitcoin's price is falling because there is more supply than demand. That's all.
There are more sellers than buyers that is why Bitcoin's price is falling.

Now the reason why it is falling? Its because of the current events that is happening globally that causes the sentiments of the investors to go negative. Ukraine-Russia war, inflation in US, Interest rates, recession. These are just some of the reasons and there is a chance that this will go for a long time. As a newbie, just be patient and if you have cash try to accumulate because profits are being made in a bear market or corrections like this. Just don't make bad decisions .

[stepwilli]

Crypto does not stand alone and now that it has become a part of the global economy, it will also be influenced and governed by events that are happening in the world. We are in a period where wars and inflation are at record highs all financial markets in general are selling and withdrawing not only cryptos.

Like Pandemic and the War happening now? year there are world issues that affects market and specially crypto prices in which we are experiencing now and even in 2020.

I do agree that the price is impacted by the world situations, but pandemic is not as "dangerous" as it used to be, sure there are still people dying every day but the numbers are not what it used to be and it's not like we are talking about vaccines and masks anymore, not as much as we used to at least.

War happened like 3 months ago and still going on but it hasn't really impacted the price all that much and I do not know what to say but market just didn't care, even went up a little bit because of it. So all in all those world stuff doesn't really mean anything today if you ask me. It's just that FED is withdrawing money from all around the world, that's it.

[Wong Gendheng]

When there is a FUDS there will be a big storm in the market, I'm sure the Pope spreads FUDS in various ways to be able to buy cheaply.  The best thing we do is to buy when the price of dropping like today, I am optimistic that in another month the price will skyrocket or at least reach $ 50k.

[arufox]

I think the factor that has kept the price of bitcoin down in the last few days is because bitcoin continues to be weighed down by macro pressures and more and more market sentiment is negative. In addition, the large increase in interest rates carried out by the FED also caused the price of bitcoin to plummet.

[Newlifebtc]

I think the factor that has kept the price of bitcoin down in the last few days is because bitcoin continues to be weighed down by macro pressures and more and more market sentiment is negative. In addition, the large increase in interest rates carried out by the FED also caused the price of bitcoin to plummet.

The price of bitcoins falls because no interested buyer and that is why the market continue to go down beyond our expectations, the problem is that every one will explain because of what it understand, the down fall of bitcoin I'm assuming that people is not interested of buying bitcoin and no investors who is ready to pump it to come up like before

[poldanmig]

I think the factor that has kept the price of bitcoin down in the last few days is because bitcoin continues to be weighed down by macro pressures and more and more market sentiment is negative. In addition, the large increase in interest rates carried out by the FED also caused the price of bitcoin to plummet.

The decline in the bitcoin price is indeed a natural thing in the market, but the current decline is quite bad in the last two years, apart from the many factors that made the bitcoin price fall further, the FED decision to raise interest rates gave fear to investors and I think it's not just bitcoin or crypto that has had a bad dream, but many stock players are also now experiencing substantial losses due to the FED's decision.

[tygeade]

I think the factor that has kept the price of bitcoin down in the last few days is because bitcoin continues to be weighed down by macro pressures and more and more market sentiment is negative. In addition, the large increase in interest rates carried out by the FED also caused the price of bitcoin to plummet.

The decline in the bitcoin price is indeed a natural thing in the market, but the current decline is quite bad in the last two years, apart from the many factors that made the bitcoin price fall further, the FED decision to raise interest rates gave fear to investors and I think it's not just bitcoin or crypto that has had a bad dream, but many stock players are also now experiencing substantial losses due to the FED's decision.

Two years? We were at ATH only 5-6 months ago, you realize that right? At the end of October we were close to 68k dollars, it has been 6 or 7 months since late October, which means that we just dropped for that period of time. FED deal happened like maybe 10 days ago or so, let's say 2 weeks just to make sure, how do you think that the drop has been bad for the past 2 years? I do not get it.

When do you think we hit that 68k price? Maybe you wanted to say 2 weeks? Because that could be true, we were around 48k about a month ago or so if I am not wrong, we reached there for a while recently, and then we dropped as low as 25k since that time, so it could be the last 2 weeks instead of years and you just made a typo.

[istiak2277]

I have been thinking of the possible reasons of the bitcoin falling down. Since I am not an expert on the Currency I cannot predict or give any reason. That is why I want to know the reasons. Please if anyone can tell me I will appreciate. Thanks.

BTC is just following a historical pattern. We have seen that after a bull run, the BTC market stays in bearish mode till the next halving, and that is what is happening here. This is the time for the whale to accumulate more BTC from the market so that they can keep most of the BTC out of circulation that was released by miners. This is the obvious nature of the BTC market, and it's almost predictable now.