Know why the price of bitcoin is continuously decreasing?

Bitcoin reached the lowest level of $ 5787 on Sunday afternoon and was seen trading at $ 6,131 on Monday.
After October 2017, the fastest way in Bitcoin was seen, the worldwide investors were startled. At a price of 4,000 dollars, Bitcoin had reached across 19,000 dollars in just two months. But soon, the decline began and now the most popular cryptocurrency reached below 6,000 dollars, which is the lowest in 2018. On Sunday afternoon, Bitcoin reached a lower level of 5,787 dollars and on Monday snappers were seen trading at 6,131 dollars. There can be many reasons for Bitcoin fall such as tax selling, stringent rules, restrictions in many countries, and hackigus etc.
Last month, the Federal Reserve of San Francisco said that the constant getting into Bitcoin would determine the future of Bitcoin.
"Futures trading change is stated in the Bitcoin Price report," The price spurt after the introduction of futures and subsequent declines cannot be called a Sayogamatar.
"In 2009, an unknown person or group founded by Satoshi Nakamoto, Bitcoin remained within 4000 dollars up to 2017, after it saw a huge increase in it. " This explosive growth ended on December 17, 2017, when Bitcoin reached the top price of 19,511 dollars.

In particular, these dynamics are not driven by the fluctuation in the overall market, "the report explained.However, Crypto Bijanesamain has not renounced the idea yet.

Focused on digital currencies an investment firm Bienasiem LLC founder and CEO Brian Kelly told CNBC, "Right now the Bitcoin funeral is not going to happen." He said that compared to the last year's price 2,500 dollars, Bitcoin is still at high levels.

Bitcoin is the digital currency that is also called the internet currency. Bitcoin can be used online only. The man named Santoshi Nakomoto the search for Bitcoin.

At today's date, the price of 1 Bitcoin is around four lakh rupees. The smallest unit of bitcoin is Sotshi and 1 Bitcoin is equal to 10, 00, 00000 Sotshi. Just as the Indian currency has Rs 1 to 100 in rupees, Santoshi is a bitcoin consisting of 10 crores.

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