Why is Bitcoin BTC Price going down?

Why is Bitcoin BTC Price going down?

As the time passing it would seem that cryptocurrencies value are going down more and more, making a lot of investors panic. The crypto market situation has been unhealthy throughout the year. Week after week, month after month, the bad news was piling up, and also the prices kept dropping. Traders and investors losing interest and keep asking themselves why is Bitcoin BTC price going down?

Of course, there was excellent news as well, but it would seem that the good simply wasn’t enough to outweigh the unhealthy. Then, in August of 2018, things finally started looking rising up. the prices were surging once more, heaps of positive development came, new projects, partnerships, and more. The investors’ confidence started coming back, and we even saw a rise in interest in cryptocurrencies."Why is Bitcoin BTC price going down?"

However, the positive development soon ended, and currently, Bitcoin and its altcoins are in another free fall. the prices are going down once more, as the market returns to its bearish nature. a lot of Traders and investors are wondering why that is? Why is Bitcoin going down, especially when everything seemingly fell into place back in August? There are actually several reasons why this is often happening right now, and while no one can do much to fix it by themselves, it's still useful to understand what's happening.

Why is Bitcoin BTC price going down in September?

Bitcoin btc price has gone down numerous times this year and for various reasons. whether it was oversold, or it experienced negative news, or something else entirely — this stuff is known to influence its price. while Bitcoin is only one of the hundreds, possibly thousands, of cryptocurrencies, it's still a representative of the industry. As such, whatever happens to Bitcoin BTC, usually happens to altcoins as well.

This summer, Bitcoin went up and down multiple times, with its value oscillating between $6,300 and $8,400. Its crashes are mostly related to the Bitcoin ETF requests that various companies filed. So far, the U.S. SEC rejected them all, which demonstrated their lack of trust in Bitcoin.

A lot of experts claim that it's still too early to think about the ETFs and that this is something best left for 2019. However, there is also a lot of those who believe that the time is correct. Obviously, the SEC doesn't share their opinion, and so far, it's either rejected Bitcoin ETF requests, or it's postponed the decision. In both decisions, they damaged the cryptomarket, as the investors’ confidence in Bitcoin BTC wavered.

Monero XMR Price can reach 391 USD in 2018

Bitcoin Cash (BCH) has Been Struggling to rise

Upcoming Upgrade Could Give ZCash a Boost