Bitcoin is bleeding, but reaching this price level is no coincidence, as certain factors determine and impact the price level.
. The price of BTC could decrease if there is concern over a specific government's decision against cryptocurrencies. Additionally, regulatory uncertainty will create fear among investors, dipping Bitcoin's value even further.Uncertainty regarding the intrinsic value of Bitcoin and BTC's future value makes it a highly volatile asset.
Now, assuming that BTC's price declines to zero, it will impact the price of other cryptocurrencies. As a result, many investors could just withdraw to reduce losses, depending on their type of investment. Furthermore, the contagion may, at least temporarily, have an impact on the rest of the financial system due to:
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