Please can anyone explain to me the reason behind recent decline in bitcoin value
there has been NO DECLINE in bitcoin value!
there has been normal fluctuations all smaller than 10% and if you look at the charts for the past 3 years you can see less than 10% is the normal daily fluctuation for bitcoin. we can even consider it as stable price with bitcoin market standards.
and a sudden increase in altcoins to the turn that ethereum in particular move to the height of $325.16 of which it has never reach such a height in the last three weeks.
Your ideas are all welcome
because these altcoins have been getting dumped a lot in the past few weeks and market needs some correction now. so they recover a bit (in case of Ethereum that is 8% recovery) and for most of them it will be a simple dead cat bounce before they continue down to their real values at the bottom.