Declines?
June 21, 2013: $102
June 21, 2014: $595 (An annual increase of 483%)
June 21, 2016: $715 (An annual increase of 9.6%)
June 21, 2017: $2,785 (An annual increase of 289.5%)
June 21, 2018: $6,785 (An annual increase of 143.6%)
June 21, 2020: $9,400 (An annual increase of 17.7%)
June 21, 2021: $31,750 (An annual increase of 237.7%)
What part of that looks like declines?
Topic: Anything particular causing these declines? - page 4. (Read 566 times)
I think this is because of China's continuous crackdown on Bitcoin mining. I believe that some Bitcoin mining farms in parts of China are being shut down, which leads to a temporary setback of BTC's price, but this is actually good news for the crypto market as we don't rely anymore on China's dominance in BTC mining. They would fall behind for sure, so maybe give it a decade for them to actually fall.
Sounds like further China FUD... and upcoming quarterly options expiry.
Is it our friend Elon Troll Musk again?
There's a rumour it's China this time, apparently one of the biggest banks has stated they will systematically close and report any account that has crypto dealings.
Seems like it's plausible this is the explanation this time, but nobody can be 100% sure.
Is it our friend Elon Troll Musk again?
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