Bitcoin, a type of digital money, recently went down in price! It dropped below $89,000, its lowest since mid-November. This happened because some things in the regular stock market were also going down, making people worried.
- Some U.S. states didn't want to use Bitcoin as part of their money.
- The Japanese yen got stronger, which sometimes makes people less interested in risky investments like Bitcoin.
- Experts think this Bitcoin price drop might not last very long.
| Thing | Details |
|---|---|
| Bitcoin's low price | $88,500 |
| Nasdaq drop since Feb 18 | Over 4% |
| Japanese Yen increase in 6 weeks | Nearly 6% |
Think of it like this: if your favorite toy is expensive and suddenly lots of people want to sell it, the price will go down. That’s sort of what happened with Bitcoin. But remember, the price of Bitcoin can go up and down!
