bitcoin price is still dropping and now its $8000 within 3 months market is soo awful. What is the real reason for that
the rise and fall of bitcoin values depends on sales and purchases, the increase in bitcoin sales is also possible because of the many potential altcoins that appear in the market. so people are interested in selling bitcoins to invest in altcoin.
The main factor which controls the Bitcoin and its value is its demand which depends upon the peoples interests. As we know that people are taking interest in the Bitcoin and that is why Bitcoin has grown up the most in the market among all the other currencies. The current rate or value of Bitcoin is not so high and is low as the price is 7.6k dollar which is still favorable for buyers.