I know about the demand and supply and its the reason a marlet gets different price at different price but what make bitcoin users to lead to this pricefall..I mean once there was 1btc = 500$ and after that I herd some hackers have hacked some exchanges and many scammers also poped out during those days..and this all leads to currenct price of 230$ I hope some peoples will do something to avaood these problems as much as we can
I think their are a lot of causes now why the price of cryptocurrency has falling. Cryptocurrencies are suffering this bad and greedy people like now a lot of scammer's are entering the world of cryptocurrencies and sadly to say that a lot of investor's are afraid to invest their money in cryptocurrencies it's because of this uncontrollable scammers.
Currently we are just looking at the graph rating of the demand and price lines which are fluctuating with the passage of time irregularly. This means that the market is unstable and we do not have a stable price in the market which is currently around 6k dollar. However this price reflects a favorable market for people so as to get large quantity Bitcoins by investing fewer amounts.