Why Is the Value of Bitcoin Dropping?

Authors:Kevin Ni

Abstract

In November 2021, Bitcoin reached an all-time high value of $69,000, captivating the attention of investors, news outlets, and social media influencers. However, the subsequent months saw a staggering decline in value, with Bitcoin today trading below $30,000. Today it’s just under $30,000. What happened to the price of Bitcoin? What are some things that contributed to the crash of Bitcoin?

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