Last night the price of Bitcoin collapsed below $25,700, but why is it falling? What are the main causes?
In reality, the decline had started on 15 August, when from above $29,300 it had fallen as low as $29,000.
The next day it also fell below $29,000, but yesterday was the day of the real collapse
It is worth mentioning that although we can talk about a collapse, this is not an abnormal event. Collapses such as these have been experienced by the price of Bitcoin dozens, if not hundreds, times over the course of its fourteen-year life, with the last one occurring only two months ago.
Neither the magnitude of the decline nor the speed with which it has occurred are anomalous. In other words, for now it is all within the norm of what is and remains a decidedly volatile asset.
Why the price of Bitcoin is falling: the volatility factor
The key point is indeed the volatility
The abnormal thing is not yesterday’s collapse, but the fact that basically since 21 July the price of BTC ha
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