Bitcoin has lost almost 15% of its value since two weeks ago. At the peak around Christmas holidays, it was trading at over $19,000.
Bitcoin investors have been predicting that meteoritic rises will commence any day now. But the price has been hovering in the $8,000-$9,000 range with surprisingly low volumes.
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why is Bitcoin price stagnant?What is happening in the Bitcoin world? What is the near-term price forecast for Bitcoin?
I think the main reason why the price of bitcoin is dumping like this is because of those FUDS that are spreading from those crypto news sites that brings fear to the holders that can cause of panic selling and the most affected is the price of bitcoin.