why Bitcoin going to down?

[cwaiba32]

why Bitcoin going to down?

 

[Binzi 77]

Due to turbulence in cryptocurrency market

 

[Nehaharoon]

The price of Bitcoin (BTC) has dropped sharply, thanks to turbulence in cryptocurrency markets. As of this writing, BTC is hovering around the $21,000 threshold, down 8.5% over the past five days, with other altcoins moving downward, too. Ethereum, the leading altcoin, has fallen nearly 14% in the past five days.

 

[Timberland38]

It's due to the pressure from macroeconomic forces including spiraling inflation and a succession of Fed rate hikes.

 

[Juan3Gt]

Bitcon price has fallen sharply this is due to pressure from turbulence in the cryptocurrency market

 

[tranz]

Experts also point to a potential recession, rising interest rates, the continuous war in Ukraine, and inflation hitting a fresh 40-year high for why we're seeing slumping prices in the stock and crypto markets.

 

[Rajamah786]

Actually Bitcoin is the first cryptocurrency and at that time people invested a lot in Bitcoin, because they had no other cryptocurrency option available at that time... But now different cryptocurrency are introduced in market that's why people are investing in other crypto to earn more profit. That's why Bitcoin value is decreasing.
Thank you