Why Has Bitcoin Fallen To $10k? | Is This The Bottom?

Bitcoin hit $13k and swiftly dropped below $10k. In the past 24 hours, it has climbed back to $10.7k. Still though, the question remains - why has Bitcoin's price has fallen?

Many would argue that Bitcoin has dropped as a direct consequence of the Facebook Libra project facing scrutiny in congress, and ultimately receiving harsh criticisms.

Created by Facebook, the Libra project's Globalcoin is an easy target, and understandably so with everything that Facebook has done in the past.

Congressmen and congresswomen were quoted as saying to David Marcus of Facebook:

"I don't think you should launch the Libra project at all"

"Like a toddler who has gotten his hands on a book of matches, Facebook has burned down the house over and over and called every arson a learning experience".

However, within this negativity, there has been one shining


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