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.
Bitcoin prices are falling because more and more investors are selling Bitcoin at low prices, causing the price of Bitcoin to drop. If they continue to hold Bitcoin at a low price I am sure the price of Bitcoin will not fall this way. And now there are also some countries that prohibit the use of Bitcoin so that Bitcoin users in the country stop using Bitcoin. Surely this greatly affects the development of Bitcoin prices. But the current Bitcoin price increase may be long and the price will rise even higher.