Hello guys, In 2017, Bitcoins price soared from 1,000 usd to just under 20,000 usd before dropping down to around 13,000 usd at the end of the year. Since then, its value has risen and dropped sporadically from day to day. now its around 8,300 usd. So what may cause this drastic change of bitcoin value ?
of course the correction due to the increase is too high and caused several factors. and more than that about the ban and some large media also follow the ban. this is what keeps the bitcoin down falling in, but it can not get it up to zero. and how bitcoin tries to rise from day to day by trying to grow even though it does not have too much impact. but with this, bitcoin in the future will be able to grow back to be greater than the value ever achieved.