Jan 07, · Bitcoin’s price has been falling steadily since reaching its December peak, and some experts predict that this negative trend will most probably continue well into For instance, Bloomberg’s Mike McGlone believes that the king of . Dec 02, · Why Bitcoin Is Going To Fall Off A Cliff. Dec. 01, PM ET Bitcoin USD (BTC-USD) ETH-USD, LCC-USD, XRP-USD Comments 59 . Jun 03, · In the space of a few hours, the price of Bitcoin (BTC) has recorded impressive levels, returning to last week’s prices, and many people have wondered: why is Bitcoin falling? As a result, some have noticed that the price of BTC might be falling due to the miners. Significant outflows from the unknown miner before the dip.
Is btc fallingJP Morgan Analysts Explain Why Bitcoin Price is Falling
Back in July, the Bitcoin price experienced a short-term pullback when there was mounting anticipation for the Bitcoin ETF approval. However, the good thing about is that major institutional players in the likes of Fidelity are finally tossing their hats into the cryptocurrency ring. Goldman Sachs and Coinbase already offer custody solutions for Bitcoin investors.
Bakkt , the ICE-backed cryptocurrency exchange, is expected to launch its Bitcoin futures product on Jan. Bitcoin is a mirage, bubble, scam, rat poison squared — you name it the same goes for other top cryptocurrencies.
Bitcoin failed to break into the mainstream as a viable replacement for fiat money, and the lack of real-life adoption is very discouraging for those who want to invest in the currency. That gave ground to plenty of gloomy predictions about the looming economic crisis. Earlier, U. Today reported about an increasing correlation between Bitcoin and stocks — these two markets move in tandem, at least in the short-term. Lastly, there is also a theory that US investors could be simply avoiding paying capital gain taxes.
Those who made mammoth-sized profits in when Bitcoin reached its ATH went on a sell-off spree before filing their April taxes the next year. The situation is quite absurd: Bitcoin investors might not have enough coins to pay taxes for in the middle of the cryptocurrency winter. Lastly, Clovr research shows that mainstream media outlets typically cover Bitcoin more when the price goes up. There was a spike in coverage during every Bitcoin drop that followed, which means that mainstream news sites profit from amplifying the FUD.
Notably, conservative outlets have the highest negative to positive ratio, with Nevertheless, despite the dramatic rout, Bitcoin remains the best performing asset of the last five years, trumping stocks, bonds, and fiat currencies. Alex Dovbnya aka AlexMorris is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1, stories for U. Today, CryptoComes and other fintech media outlets.
Alex Dovbnya When Lambo? Today has determined the top 10 reasons why Bitcoin is in a freefall, and why Lambo bros could be one of these reasons behind the crash.
FUD Cryptocurrency Market.