Why did bitcoin crash suddenly?

Bitcoin is the most hotspot topic of cryptocurrency. B itcoin was created in 2009 and since then it got exponential growth. The transactions through bitcoin can be made without a middle man and even without the monitorization of any authority or government. It is a peer-to-peer technology that facilitates the process of instant payments. The cryptocurrency got a huge momentum during lockdown and Covid-19 when everything was forced to go digital. Many people saw an investment opportunity in bitcoin and also in other similar digital currencies. Bitcoins were seen as the future of money transactions till they suffered a huge recent drop-down or in other words a total crash. The value of bitcoin dipped by 40% last week. This “Bitcoin crash” also raised many questions on the investing strategies and possibilities for the near future. The bitcoin crash occurred mainly due to two reasons; China banned digital currencies China is among the world’s largest economies. Recently, ...