How are you all?Today I will share with you about A Brief Discussion on Bitcoin Price Decline! I am sharing with you at the beginning because if I share at the beginning then you can realised it.I am young and have very little experience so please excuse any mistakes.

The world's largest and best-known cryptocurrency is currently down nearly 10 percent from its peak this year. Bitcoin peaked at around $74 k
Last week the price was 66 thousand 560 dollars. But now it has decreased by 2.2% and the price of Bitcoin is standing at 63 thousand 23 dollars. The price of Ether, the coin associated with the Ethereum blockchain network, also fell 01 percent to $3,115.6, which is much lower than the previous day. The coin was worth about $4,000 last month.

Source
We are all aware of the fact that there is anarchy going on in the world today. Due to the Iran Israel war, the global market is witnessing a massive price drop. As a result, all coins, including Bitcoin, fall in price. Basically, the value of all coins depends on the value of Bitcoin. When Bitcoin falls, all coins fall in value, and when Bitcoin rises, all coins rise in value. Everything is basically the same. Depends on Bitcoin. A price drop at a relatively low rate is that the value of this price drop in the past was much higher. Which is not seen now. I hope that the price of Bitcoin will increase again. It may take some time but it will happen for sure.
Today's discussion ends here. I hope you find it interesting and able to understand. Share your thoughts on today's topic. Wishes and blessings to all.

Source