As per reports, Bitcoin has dropped nearly 12% in the past month. Bitcoin prices have fallen by more than 50% since December 2017 - with some investors worried about what might be happening.

Why the price of Bitcoin (BTC) is Decreasing Day by Day?

The price of Bitcoin is decreasing day by day largely because Bitcoin is a world wide phenomenon. There are many traders and investors who are starting to enter the cryptocurrency market, and this has caused the cryptocurrency market to experience a rise in demand.

The price of Bitcoin has been fluctuating a lot recently. One day, it is increasing, and the next day, it is decreasing. It is a normal phenomenon of the market in which there are sudden increases and sudden decreases.

The main reason that is being blamed for the recent drop in the price of Bitcoin is the end of the crypto winter. This has been seen in the recent price trends of Bitcoin and other cryptocurrencies.

After a rally that catapulted bitcoin to $4,700 last week, the cryptocurrency has dropped to $4,200 today. Bitcoin's price is down by about seven percent. The price has been on a steep decline for about two weeks, and it now seems to be stabilizing.

There are many traders and investors who are starting to enter the cryptocurrency market, and this has caused the cryptocurrency market to experience a rise in demand.

The price of Bitcoin has been fluctuating a lot recently. One day, it is increasing, and the next day, it is decreasing. It is a normal phenomenon of the market in which there are sudden increases and sudden decreases.

The reasons for this drop in price are unclear, as bitcoin is usually speculated as an asset that is immune to the current economic turmoil. Uncertainties about China’s economy and its 'One Belt One Road' initiative