Post
Topic
Board Bitcoin Discussion
Re: Why did Bitcoins price fall by over 60% in 2022?
by
macson
on 19/12/2022, 17:39:02 UTC
Bitcoin has been the world's most popular cryptocurrency many years now.And,while crypto has been incredible hikes in the past.2022 was an undoubtedly disastrous years for this asset,which faced an overall price drop of over 60%. So why did bitcoin price fall drastically throughout 2022?

It's has been rough year for crypto and Bitcoin has often been at the forefront of the battering. Will things improve in 2023??
i don't know if you have gotten the conclusions and answers that you understand from other members but the current fall in bitcoin prices (or what we call a bear market) is a result of transactions that occur in the market and currently, people are selling btc more than buying btc.  surely the market will go back up but we don't know when it will happen.