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.
One Good Post:
why is Bitcoin price stagnant?What is happening in the Bitcoin world? What is the near-term price forecast for Bitcoin?
There's nothing wrong about bitcoins or even the entire cryptocurrency in the market but most of the people today are planning to sell their coins and that is the reason why the prices in the market is keep on decreasing more than increasing, maybe there is a fud somewhere that keeps on spreading that makes the price of every cryptocurrency in the market to dump.