Well, it's not just Bitcoin, it's the entire cryptocurrency market. The recent post from the US senate regarding regulations of cryptocurrency spooked people into selling, then people's stop-losses were triggered and other people were scared of a free-falling market and sold out too. The market is currently stabilizing and I believe we will see most coins going back to their pre-drop value over the next few weeks.
Well, it's not just Bitcoin, it's the entire cryptocurrency market. The recent post from the US senate regarding regulations of cryptocurrency spooked people into selling, then people's stop-losses were triggered and other people were scared of a free-falling market and sold out too. The market is currently stabilizing and I believe we will see most coins going back to their pre-drop value over the next few weeks.