[2014-08-20] Why the Bitcoin Price Is Falling – and Why It's Not a Crisis

[ganabb]

https://moneymorning.com/2014/08/19/why-the-bitcoin-price-is-falling-and-why-its-not-a-crisis/

When the Bitcoin price started falling 10 days ago, it took many by surprise because the digital currency had been stable for weeks, hovering around the $600 level. It has since slipped nearly 19%.

The Bitcoin community has been searching for answers to the price drop, and the most likely explanation is one that most seasoned investors will recognize.

[1714719610]

1714719610

[halfawake]

Seems like a logical explanation for what happened to me.  The same thing has happened with the broader stock market too, just usually on a much smaller scale since the stock market has a lot more volume than the bitcoin trading market does.