There are two key factors affecting Bitcoin, which have triggered a recent sellout. Bitcoin has never been relieved of its involvement in money laundering and terrorist financing, and that connection was once again referred to by IMF president Christine Lagarde as she urged home. Managers around the world attacked bitcoin for this reason. At present, Bitcoin is just going down, not completely broken down. The second offender behind the bitcon depreciation is causing more anxiety for investors. Google has followed Facebook in prohibiting pre-encoded ads and ICOs. Makes pre-coding lose value.
What is your opinion?
The main reason responsible for affecting the value of Bitcoin is demand and supply factors. The demand of Bitcoin is currently low therefore; its prices are also low. The social media platforms are banning cryptocurrency ads, which is creating anxiety among the investors. The negative and fake news about it all over the world is also a major reason for its falling prices.