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Bitcoin experienced one of the highest peaks in December last year where it hit the $20,000 mark. It has since dipped, hitting $6,000. As to why this fall happened, Chainalysis has dipped its hands into data to determine what really transpired.

Chainalysis is a respected team of analysts who have previously worked on why Mt Gox wound up. There report called “The Great Bitcoin Price Dip: Its Causes and a Way Forward”, Chainalysis discusses the price of Bitcoin over the past three months. While the discussion lacks graphical presentations, its observations are interesting and they are backed by evidence.


Check out the full report here:


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It's obviously because of bad news in the cryptocurrency market. Firstly, one country didn't want it, now another one is beating about the bush. The result is that the prices go down. 

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I consider Bitcoin as one of the good and part of "reliables" .

However, I do not consider BTC as king anymore.

A lot of people start to "hate" "dislike" Bitcoin.

The reason is as all this BTC movements hit altcoins. Even good alt projects/coins are depressee due to this BTC downtrend.

It's really counter-productive.

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