Why did Bitcon fall so quickly?

Question

Fintech

What was the reason for the collapse of the Bitcoin cryptocurrency, from $800 to $400 per day?

Answer 1

the most accurate answer is "because the gladiolus" (C) according to the already accomplished fall, it can be assumed that it fell due to the fact that China banned cue balls ... the Chinese are draining them ... the market has reacted .... or 1M of stolen cue balls are being drained .. ..
and if the rate jumped, these same events could explain the growth .... China banned cue balls ... so the Chinese will stop mining, so the growth began ..... and so on.

Answer 2

It is necessary not only to look at charts, but also to read the news feed on the stock exchange. Give a list of news from 9:00 and then you can talk about the reason.

Answer 3

look not only at the fall/growth, but also at the volumes

Answer 4

Because at such a cost ($800), everyone began to urgently sell them.