Bitcoin's recent price decline can be attributed to a combination of economic uncertainty, regulatory concerns, and market sentiment. Factors such as inflation fears, cautious remarks from Federal Reserve officials, and regulatory uncertainties have led to a sell-off in Bitcoin and other cryptocurrencies. Market sentiment and investor behavior also play a significant role in driving price fluctuations. Despite short-term volatility, long-term fundamentals, including adoption and institutional interest, remain bullish for Bitcoin and the broader cryptocurrency market.
Do you think these are the reasons?
Bitcoin price increases and Bitcoin price decreases always start from public issues, statements by officials and world figures.
When a world figure says he will buy Bitcoin, the price of Bitcoin will automatically increase. When it is rumored that a country is banning Bitcoin, the price will automatically fall.
But I see the exchange as just a whale's game. He can tinker as he pleases because he has capital. And one whale communicates with another in the business sector.