Why Is Bitcoin Price Dropping in 2018?

　　In 2018, Bitcoin, the world's most popular cryptocurrency, experienced a significant drop in its price. This decline has been a topic of intense debate among investors, enthusiasts, and experts. Many have wondered why is Bitcoin price dropping 2018? In this article, we will explore the various factors that contributed to this downward trend.

　　Firstly, one of the primary reasons why is Bitcoin price dropping 2018 is the regulatory uncertainty. Governments around the world have been grappling with how to regulate cryptocurrencies, and this uncertainty has created a lack of confidence among investors. For instance, China's decision to ban initial coin offerings (ICOs) and shut down cryptocurrency exchanges in 2017 had a profound impact on the market. This move led to a significant drop in Bitcoin's price, and the uncertainty continued to affect the market in 2018.

　　Secondly, the entry of institutional investors has been a double-edged sword for Bitcoin. While some institutional investors have shown interest in the cryptocurrency, others have expressed concerns about its volatility and regulatory risks. This has led to a split in the market, with some investors betting on Bitcoin's long-term potential and others betting against it. This split has contributed to the downward trend in Bitcoin's price in 2018.

　　Thirdly, the rise of alternative cryptocurrencies, or altcoins, has also played a role in why is Bitcoin price dropping 2018. As more altcoins entered the market, investors began to look for alternative investment opportunities, which led to a shift in capital from Bitcoin to other cryptocurrencies. This shift has put downward pressure on Bitcoin's price, as investors sought better returns elsewhere.

　　Another factor that contributed to the drop in Bitcoin's price in 2018 is the bear market. The cryptocurrency market has experienced several bear markets, and the 2018 bear market was no exception. During this period, Bitcoin's price fell from its all-time high of nearly $20,000 in December 2017 to around $3,200 in December 2018. This decline was driven by a combination of the factors mentioned above, as well as a general loss of investor confidence in the cryptocurrency market.

　　Lastly, the media's portrayal of Bitcoin and cryptocurrencies has also played a role in why is Bitcoin price dropping 2018. Negative headlines and reports have contributed to a negative perception of the cryptocurrency market, which has discouraged investors from participating in the market. This negative perception has further exacerbated the downward trend in Bitcoin's price.

　　In conclusion, there are several reasons why is Bitcoin price dropping 2018. Regulatory uncertainty, the entry of institutional investors, the rise of altcoins, the bear market, and the media's portrayal of the cryptocurrency market have all contributed to the downward trend. As the market continues to evolve, it remains to be seen whether Bitcoin will recover from this decline and regain its position as the leading cryptocurrency.

Like!（9）