There is still plenty of speculation as to why the Bitcoin price has plummeted over the past few months. Some sources hint at Tether’s involvement, whereas Fundstrat’s Tom Lee has a completely different view. In his opinion, the expiration of Cboe’s Bitcoin futures are the main culprit.
Factors Influencing the Bitcoin Price
Although Bitcoin markets will always be volatile, there are many different external influences in play at all times. Over the years, there have been a fair few factors which pushed the Bitcoin price in a specific direction, either for better or worse. In early 2018, the market downtrend has led to a lot of speculation and fluctuation, though pinning down the exact cause is not easy.