The sharp drop in the cost of Bitcoin is obviously due to the restrictions imposed by countries and institutional organizations. In this case, China, which has banned the mining of bitcoins in the country, as well as the work of foreign cryptocurrency exchanges.
In addition, the prohibition of American and British banks for the purchase of cryptocurrencies on credit cards (Bank of America, JPMorgan, Citigroup, Lloyds Banking Group, and so on). They fear that the course volatility will turn against the client and will not allow him to repay his obligations to the bank.
In addition, the cost of Bitcoin was already quite inflated and grew solely thanks to the connection of more and more new investors.
Only this factor does not justify the growth of value by thousands of percent per year, and when objective barriers to the spread and introduction of the coin still appear, a collapse occurs.
Predicting further movements of Bitcoin costs is pointless, for this there are no fundamental introductory