Bitcoin Price Takes Major Hit, Why The Bears Are Not Done Yet
Bitcoin has fallen by more than $1,000 in the last 24 hours and is now trading at $6,300. This is a major drop for Bitcoin, which had been trading around $7,500 since the start of 2018.
Bitcoin’s price has always been volatile and it has been known to rise or fall significantly over the course of a single day. However, this recent fall is much larger than any previous one.
The cause behind this fall is still unknown but there are two possible reasons why the bears are not done yet. One reason could be that Bitcoin has missed out on some positive news coming from Japan which may have caused panic selling among investors who expected Bitcoin prices to go up after some positive news about crypto exchanges in Japan.
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