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.
The main reason during this moment of falling down was due to MT.Gox revealed activities of selling of massive of Bitcoin which worth billion of dollars. Because of this the Bitcoin price crashed in which it create a panic selling for most of the holders of Bitcoins and Altcoins but now the Bitcoin is recovering and starting to a bullish performance but we should always be aware as this is probably manipulated by the big whales once again like Mt. Gox who are pretending as an exchange but i believed they are one of the big whales that manipulating the market.
Bitcoin falls due to the increase or decrease in the demand for it and also if some negative news come in the market that also affects people to stop them investing in it. This is very weak as compared to Bitcoin because we have noticed the survival of Bitcoin besides external forces and these negativities. People have defeated these negativities and now the price is on the increase trend.