Bitcoin's price is going down! Miners, who use computers to create Bitcoin, are having to sell their Bitcoin to pay their bills. This is making the price go down even more. It's a bit like a sale where everyone wants to sell, but not many people want to buy.
- Miners are selling because it costs more to make Bitcoin than they can get for it.
- The government wasn't going to buy more Bitcoin, making things worse.
- Lots of economic uncertainty is also affecting Bitcoin's price.
| Fact | Number |
|---|---|
| Lowest Bitcoin price recently | $77,700 |
| Predicted lowest price | Around $70,000 |
| Possible price drop percentage from highest price | 36% |
