I think investors are now experiencing panic, because there is a lot of bad news about the crypto world. So a bearish market condition made many who were afraid to return to invest in crypto, while other investors who even sold all crypto and did not invest again. but in my opinion the price reduction is only temporary, we must be able to take advantage of the moment of price reduction by buying more bitcoin or altcoin .
well, that is a natural thing if the price goes down faster than the increase. sometimes, when people hear good news from Crypto, of course it only makes them slow to invest. but, when the FUD already exists, there will be a lot of people panicking.
There are several factors behind this downfall of price.The demand and supply forces play an important role in determining the prices of bitcoin.When the demand is more the price will rise and and opposite will occur if demand falls.People are selling their bitcoins because the price is falling and due to this only the fall in price is increasing.Investment in bitcoin has also decreased due to which price has fallen.Some countries have also banned bitcoin which has affected its price.