On April 13, 2021 Bitcoin price was $63,503.46 as close in market, today now bitcoin price is 36,562$. Question is everyone mind is why this was happen ?
Elon Musk
Musk announced in February that his electric car company Tesla had invested $1.5 billion in Bitcoin. In March, Tesla began accepting Bitcoin as payment. Bitcoin and Dogecoin price was rising.
However, Musk reversed course in just a short time, saying last week that Tesla would stop accepting Bitcoin. The announcement sent Bitcoin falling below $50,000.
China
A statement posted on the Chinese Banking Association's website said financial institutions should "resolutely refrain" from providing services using digital currencies because of their volatility.
Their is many ups and downs in Bitcoin but last time Bitcoin prices was raising from 30,000+ was on January 27, 2021. Last time bitcoin price was same as it is now on Feb 4, 2021.
