Bitcoin: Understanding the Reasons Behind the Sharp Fall and What Comes Next
A thunderclap hit the world of crypto on Thursday, August 17th, as Bitcoin
The crypto titan, leading in terms of market capitalization, found itself trading at $25,969 per coin, a staggering drop of over 11% within the last seven days, according to data from Coin Gecko. While it still hovers above its Thursday nadir of $25,649, it stands well below the heights it touched at over $31,000 back in June. Experts say what they think:
🌀The Wider Web of Cause 🌀
The crash's ripple effects were not confined solely to the crypto realm. A broader economic context, including American regulations and the wavering stance of institutional investors, combined with low liquidity, played a role, experts shared with Decrypt.
