Bitcoin has fallen by more than 56 percent since the turn of the year, after peaking at nearly $20,000 in December 2017.
CoinMarketCap price charts show that bitcoin has been falling for weeks, though this latest crash has been blamed on mounting confusion surrounding the Indian Governments stance on cryptocurrencies.
People are really loosing interest to Bitcoin. i think That's why the price is going down. But in my option there are also some other reasons. First of all, it's huge price that doesn't let newbies buy Bitcoin, so bitcoins now literallty circulate between exchanges.