money.teknologmuda.com – Why Bitcoin Price Drops In this review, we will discuss and provide information about the causes of bitcoin price drop.
In this digital age, it is not impossible that digital money is even more fashionable than real money.
One of the trending financial activities today, which is watched by many people around the world, is the stock market and investments which have become popular in recent years.
Today, there are many types of stock markets such as commercial investments, from corporate stocks to digital currency stocks. And most people prefer to invest in digital money whose existence is unclear and uncertain. We don’t know why people like to invest and sell digital money, the location of which is unknown.
But of course, because the profit is big, but in my opinion the risk is high, the profit is high. In other words, the greater the risk, the greater the return.
This is why most people prefer the income that can be earned automatically by investing in bitcoin or digital money.
But it turns out that the price of bitcoin is going down, over time the price of bitcoin always goes up. So what is the real reason for the drop in bitcoin price? This will be explained in detail below.
Bitcoin is a digital currency that was first created in 2009 by a man who called himself Satoshi Nakamoto. Bitcoin itself is used for Internet transactions without banking intermediaries.
Bitcoin can only happen without the intervention of other countries, so it can become a hard currency because it cannot be influenced by other countries.
Bitcoin itself does not have a tangible shape or form, but it is tangible in digital form that circulates only on the Internet.
Furthermore, bitcoin itself is actually a commonly used currency in Deep Web and Darkweb transactions with illegal transactions. Transactions on the Deep Web, as well as the Dark Web, are often arms sales, drug sales, and worst of all, human trafficking.
And indeed, every time you invest in bitcoin, there is a role for illegal transactions on the same site, which is very sad.
Typically, people buy bitcoins at the lowest possible price and sell them at the highest possible price to make a profit.
Most people make bitcoin a digital asset and also a part of cryptocurrency.
However, recently, bitcoin, which is known as one of the strongest digital currencies, has seen a sharp drop in price, even the smallest price drop since 2021. So what has kept the price of bitcoin low so far? here’s the explanation.
Causes of Bitcoin price drop
This stems from the recent conflict between Russia and Ukraine, in which several European Union countries were embargoed and economic sanctions were imposed on Russia.
But it turns out that the opposite of President Putin is the biggest mistake of the European Union, and suddenly Russia led by President Putin can make very good policies.
And imposing sanctions on Russia That really caused the world economy to go through a crisis, especially the European Union, but this economic crisis soon spread across the world.
The Fed’s monetary policy was later announced as an attempt to escape inflation, and this appears to have affected the price of bitcoin.
For the first time since July 2021, Bitcoin is down more than 55% from its November 2021 highs below $30.00. According to many cryptocurrency watchers and leaders, the prices of many digital currencies will continue to fall until they finally find a light and rise again.
So you can be patient first or buy as much digital money as possible because the price is rumored to keep dropping until it gets better again.
This is an explanation of why the price of bitcoin has dropped, which we can provide through this article.