Post
Topic
Board Bitcoin Discussion
Re: The reasons why Bitcoin price drops recently
by
BrewMaster
on 23/03/2021, 17:01:40 UTC
1.  Powell commented cryptocurrencies as "a speculative asset" which leaded to an adjustment in Bitcoin price but a rising trend in Gold
a lot of random people are making statements about bitcoin. that doesn't mean they should affect bitcoin price at all.

Quote
2. US President is considering spending $3 trillion on infrastructure in the States which draws investment capitals into the US stock market
this actually attracts some additional investment into bitcoin since fiat is a failing asset but bitcoin keeps rising (deflation versus inflation).

you are forgetting that there wasn't any major price drops but a small correction which isn't really that surprising and it doesn't need any reasons such as these.