Over the past couple of days,declined more than 10 percent, as low as $8,200 – very quickly after it tested the $10,000 price gap, sitting at $9,900.
Many people see the drop as a consequence of the many unresolved problems bitcoin has with its infrastructure. Also, BTC buyers have complained that they wanted to use bitcoin for anything but they hit a wall with the crazy transaction fees bitcoin has. These fees have gone up over the years because the network continues to grow each day.
Imperfections of any cryptocurrency are no wonder and it is nothing new and BTC itself has lived through two very similar drops in the past two months.
Be that as it may, another possible reason for the decline in price might be the announcement that Coinbase made that they support buying, selling and trading with Bitcoin Cash. The impact of this might have had a deeper influence than we actually realize. However, BTC is most certainly not dead and it is here to stay.
There are no official sources that responsibly claim why exactly the prices are going down, so we can only speculate. You should always keep an eye on new updates because things change almost every day, and here you can find anything you want to know check this site
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