-Five reasons are thought to be the biggest impact on BTC pricing:
+HitBTC reported hardware failure: The recent tight control on the HitBTC trading floor caused the inhibition of the user community causing the BTC market to suffer a psychological blow after this incident.
+Bitcoin ETF was denied the license by the SEC. This is considered a major factor causing Bitcoin to drop immediately and causing the market to fluctuate sharply in the past few weeks.
+Korea taxed the digital exchanges. This news has caused a gloomy atmosphere for the whole market including BTC
+The recent virtual trading on the BitForex trading floor, a deal on Coinmarketcap, has raised concerns about market manipulation, a loss of confidence in electronic money transactions.
+Bitcoin's trading profile has changed, noting that the cash flow was flowing back from the altcoins into Bitcoin and Tether (USDT). Indexes for the movement of funds include Bitcoin dominance of market capitalization, up to 48%. In addition, the USDT transaction now accounts for more than 21% of the total volume of the electronic money market.
in my opinion, the impact on the price of bitcoin is only 1-4, while not the number 5. Why?
because after looking back, the average bitcoin price that falls is generally due to the market or country that has an opinion about the implementation of this crypto. The ICO tokensale also has a considerable impact on this to make the price drop. No matter if it's scam or not.