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Bitcoin (BTC) has been experiencing a significant decline in value over the past few days, causing widespread concern among investors and traders. The cryptocurrency has shed around 14% of its value since December 18, with its price plummeting from $106,600 to $92,600.
There are various theories circulating within the crypto community regarding the cause of this crash. However, it is essential to understand that Bitcoin’s volatility is a normal phenomenon in the market, and such fluctuations have been witnessed in the past.
The primary concern for many investors lies not only in the current price decline but also in the potential impact on the broader cryptocurrency market.
Source: coinpedia.org
