Why are cryptocurrency prices falling today? According to market experts, the fall in crypto prices was due to massive profit booking. The cryptocurrency market is likely to remain volatile for the next one or two days. This could be also due to China’s crackdown against mining.Why is bitcoin price going down?
Possible reasons for why the Bitcoin price is going down: Miners are constantly mining new bitcoins and selling them for dollars to cover their costs. They create a constant down pressure on the price. This is usually offset by investors willing to stock up on new Bitcoin. But investments are lacking.Is now the right time to buy bitcoin?
Now is the Right time to Buy Bitcoin. The Bitcoin Misery index, developed by Lee helps investors when investing in Bitcoin. When the index is low, it is the right time to buy while if its high it is perfect to start selling. This index helps a Bitcoin investor not dread about the volatile nature of Bitcoin.