Why btc falling

Bitcoin has been on a rollercoaster ride of late, rising and falling sharply on the back of a number of news stories. But it is not the only cryptocurrency to have a tumultuous end to A downturn in global stocks, due to the uncertainty around a new Covid variant and high inflation, spilled over into the cryptocurrency market, combined with fears over further regulation. The price of bitcoin and a number of other notable digital assets dropped heavily at the start of December. There has also been speculation that Russia could ban crypto operations in the country.

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Content:

• Bitcoin price news: Why is BTC falling today? Will bitcoin crash below $7K?
• 'I just bought the dip but it keeps dipping': Twitter abuzz amid crypto crash
• Bitcoin Suffers Steepest Drop in 10 Days as US Monetary Policy Causes 'Short-Term Jitters'
• Top 5 Reasons Why Bitcoin Crashed Today! Will $36k Be The Threshold To BTC’s Fall?
• Cryptocurrency prices today: Bitcoin slips 8%; Ethereum, Dogecoin & Litecoin fall up to 13%
• The psychology behind ‘hodling’ during a bitcoin price drop

WATCH RELATED VIDEO: 4 REASONS WHY BITCOIN IS FALLING

Bitcoin price news: Why is BTC falling today? Will bitcoin crash below $7K?

These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend. But, as during past downturns, many traders also tried to trigger regret aversion or anticipated regret: They highlighted the extreme pain fellow bitcoin owners would feel if they sold to stem their losses and missed out on what diehards saw as the inevitable rebound on the horizon.

Evoking the threat of future regret is not an especially original strategy. Behavioral scientists have studied anticipated regret as an influence on decision-making for decades, noticing how fear of the shame, guilt, and self-reproach that can accompany the recognition that you made a wrong turn can take over thought calculations.

The success of this controversial program partly counts on people overestimating their chances of winning, a common mistake attributed to the overconfidence effect. However, as Volpp writes, health officials will also benefit from the effects of anticipated regret. A recent multi-country study in Europe also found that increased willingness to get the Covid vaccine correlated with anticipated regret of not getting the shot. Anticipated regret is similar to FOMO, but there is a subtle difference, says Brooke Struck, research director at The Decision Lab , a consulting firm specializing in behavioral science.

However, in this case, people who already owned bitcoin grappled with the possible regret of selling at the wrong time. So, at least in theory, bitcoiners were likely more compelled to hold than non-bitcoiners to buy, Struck says. Bitcoiners, on the other hand, stand to personally gain if people listen to them. Although anticipated regret is a byproduct of taking personal responsibility, it could theoretically have an aggregated impact when it prompts enough people to behave the same way.

That bitcoiners turn to such emotional arguments is also further proof, if it was required, that buying cryptocurrency is still a relatively irrational act. Arguably, buyers are still essentially gambling.

A few institutional investors have joined the fray , but their arrival has not made the market less volatile or unpredictable. In short, bitcoiners weighing their next move should at least be aware of how regret aversion can influence their decisions.

Fortunately, they found that we are also very good at avoiding self-blame. By providing your email, you agree to the Quartz Privacy Policy. Skip to navigation Skip to content. Discover Membership. Editions Quartz. More from Quartz About Quartz. Follow Quartz. These are some of our most ambitious editorial projects.

Earlier this week, bitcoiners found themselves on a wild single-day ride. Sign me up. Update your browser for the best experience.

'I just bought the dip but it keeps dipping': Twitter abuzz amid crypto crash

These are the core obsessions that drive our newsroom—defining topics of seismic importance to the global economy. Our emails are made to shine in your inbox, with something fresh every morning, afternoon, and weekend. But, as during past downturns, many traders also tried to trigger regret aversion or anticipated regret: They highlighted the extreme pain fellow bitcoin owners would feel if they sold to stem their losses and missed out on what diehards saw as the inevitable rebound on the horizon. Evoking the threat of future regret is not an especially original strategy. Behavioral scientists have studied anticipated regret as an influence on decision-making for decades, noticing how fear of the shame, guilt, and self-reproach that can accompany the recognition that you made a wrong turn can take over thought calculations. The success of this controversial program partly counts on people overestimating their chances of winning, a common mistake attributed to the overconfidence effect.

Bitcoin Suffers Steepest Drop in 10 Days as US Monetary Policy Causes 'Short-Term Jitters'

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info. All cryptocurrencies are spiralling down into the red this morning, as news proves that almost 40 percent of the total market cap has been lost since January 1. The chaotic week for crypto trading has plunged the entire market into a large-scale sell-off, forcing prices lower across a hour period. A death cross is a point in a stocks lifetime where the day moving average MA crosses below the day MA, usually resulting in a long-term bearish trend in the future.

Top 5 Reasons Why Bitcoin Crashed Today! Will $36k Be The Threshold To BTC’s Fall?

Jackson said bitcoin could be seen as a financial mania, meaning steep losses could soon be on their way. Read more: bitcoin price outlook: Here are the price targets set by top analysts from Goldman Sachs, JPMorgan, and other leading Wall Street banks so far this year. But that scenario is far from certain, the Invesco strategist cautioned. Yet there are growing signs that investors are worried about the outlook for bitcoin and cryptocurrencies.

Cryptocurrency prices today: Bitcoin slips 8%; Ethereum, Dogecoin & Litecoin fall up to 13%

The global crypto market capitalisation fell by 2. As for major cryptocurrencies globally, Bitcoin dipped marginally by 1. Cardano Rs Avalanche Rs 8, Memecoin SHIB dipped by around 1.

The psychology behind ‘hodling’ during a bitcoin price drop

Since hitting an all-time high in November , BTC is on a downward trend. Despite surviving the economic punches for almost thirteen years now, the volatility of Bitcoin still remains at its helm. However, long-term cryptocurrency investors are not very shaken about the price swings. Although BTC has evidently proven to be the riskiest asset, cryptocurrency investors are still crazy about it. Investopedia has reported that an unidentified source within the Biden administration has informed that the US government is planning for a new strategy to address the economic, regulatory, and national security pain points caused by Bitcoin and other cryptocurrencies. While some people think that regulations are a good thing in the cryptocurrency market, prime investors seem to vary in their thought.

Is it time to buy the dip, or is there still further to fall before we can talk about a recovery? All other major cryptocurrencies have also experienced significant losses over the last 24 hours, with the vast majority seeing double-digit drops. There have been many causes speculated for the sudden drop.

Two major events in the cryptocurrency space have rocked Bitcoin's value down to a three-month low as the entire market witnessed a cascading crash. On Indian exchanges like CoinSwitch Kuber, the price of the most popular cryptocurrency stands at Rs. The big slump occurred as the US Federal Reserve indicated it could move up its timetable for raising interest rates to mid-March. The US Federal Reserve is essentially going to stop printing money and make it more expensive to borrow in order to steady the economy and keep rising inflation in check.

Bitcoin prices have fallen to their lowest level in months following remarks from the US Federal Reserve. It follows minutes from a meeting of the Federal Reserve, which suggested it may raise interest rates. Political events in Kazakhstan have also raised concerns about the network's capacity. Because of its global and decentralised nature, attributing a rise or fall in the price of Bitcoin to a single cause is difficult. But many commentators have pointed to the release of the Federal Reserve's December meeting notes as one factor. The minutes suggest that America's central bank might raise interest rates sooner than some had anticipated, and sell off some of its assets.

Bitcoin achieved a remarkable rise in in spite of many things that would normally make investors wary, including US-China tensions, Brexit and, of course, an international pandemic. So what has driven this huge price appreciation and is it different to the bubble of ? Read more: Why is Bitcoin's price at an all-time high? And how is its value determined?