Why bitcoin market getting down?
The Bitcoin market often experiences downturns due to several factors, including regulatory news, market sentiment, macroeconomic trends, and changes in investor behavior. For example, increased regulations or negative news about cryptocurrency can cause uncertainty among investors, leading to sell-offs. Economic conditions like rising interest rates or a stronger US dollar can also make riskier assets like Bitcoin less attractive. Furthermore, large market sell-offs by major holders, known as "whales," can lead to sudden price drops. These factors combined can contribute to a decline in Bitcoin's market value.
