Bitcoin set a new all-time high in November, but after the recent market capitulation, Bitcoin is losing value, almost the same for altcoins. Now Bitcoin’s value is close to 200 days average value, which concerns the investors and makes them consider investing more.
BTC is now tracking the lowest price of two months in recent weeks. According to the exchanges, Solana, Cardano, Polkadot, etc. Coins have recorded more drop in value, at least 15%.
Why is market price of bitcoin falling?
According to analysts, BTC is falling because of China’s restrictions. It has directly affected cryptocurrency prices, and it seems like the side effects are still active on the market. This could be a start of a short term or a long term bear movement when the situation is considered.