I perceive with rising rates of interest and incoming recession how that lowered the value. However the FTX scandal. Certainly realizing billions of cash invested in Bitcoin which has now disappeared and by no means really was in Bitcoin, would imply there are individuals on the market desirous to put money into the actual factor, and with elevated demand now it’s going to if something improve the value.
Why did it fall if numerous cash vanished, that was by no means really in BTC within the first place?
I imply, for the value to decrease there have to be promoting stress however who would really promote now? Certainly any true BTC believer is shopping for now, not promoting at a low worth.
12 thoughts on “Why did bitcoins worth fall?”
Trading bots, over leveraged people, undedicated people taking losses, people with slight losses looking to buy back lower.
because more people wanted to sell than buy bitcoin.
Why did every article about FTX connect it with Bitcoin?
Answer this and you will know the answer to your question.
Everything else fell too.. economy is crashing and the risky stuff falls the most
Because that’s what it does….
I guess this kind of events scares people.
If I did not know how to self custody and had assets on CEXs, I’d probably sell after learning such a shit show was even possible. But hey, it’s only a guess, I’m not the one selling.
Cause it’s in re re mode
ftx had a huge tokeniszed illegal stock of gamestonks of like 400m shares when only 76m shares existed in jan 26th 2021 and someone even put it on etherscan io. “THIS IS A RUG PULL”
that poistion never had a single withdrawl for over nearly 2years… lol
and who created the wallets… SBF himself with swizternalnd debit suisse? whoknows im just a smooth brainape…. knowing the future and all… on knotsrepus\r
> Why did bitcoins price fall?
Because Bitcoin is overpriced
FTX was a coincidence, not a cause
Sometimes people are forces to sell. They don’t want too. A price decrease is often a trigger for liquidation orders to trigger.
Sometimes people gotta pay bills. Fewer buyers also lower price.