When it comes to Bitcoin, we’re in the midst of a price dip. After reaching an all-time high of nearly $20,000 in December, Bitcoin prices have fallen to around $10,000.
That’s a 50% drop in value, and it has many people wondering why Bitcoin prices are falling.
There are a few theories about what’s causing the price dip. One is that people are cashing out their Bitcoin to buy into the new hot cryptocurrency, Ripple.
Ripple has seen a massive surge in value recently, and so some people may be selling their Bitcoin to get in on the action.
Another theory is that the price dip is simply due to market correction. After such a massive run-up in price, it’s not uncommon for there to be a pullback.
This theory is supported by the fact that the overall cryptocurrency market has seen a bit of a correction in recent weeks.
Whatever the reason for the current price dip, it’s important to remember that Bitcoin is still up significantly from where it was just a year ago. So, even though prices may be falling now, don’t forget about the tremendous potential that Bitcoin still has.