Chainalysis: Why Bitcoin Dipped?

[themigeo]

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.


Read the full report here:
https://www.tokens24.com/news/chainalys ... in-dipped/

[CryptoCZ]

Bitcoin dropped because the market was too overheated, it should have been since