Myles Gregory Watkins-Why Bitcoin Has Dropped in December? As crypto-assets became mainstream in 2021, it was an extraordinary year for crypto assets. Now that 2022 is here, investors are trying to determine which themes they can ride to maximize profits from crypto investments. According to Myles Gregory Watkins, the concept of bitcoin is not complicated as it was before as most people are well aware of this term and many are investing in digital assets. The main investors have got a lot of profit in bitcoin investing, however, it starts to fall at the starting of December.
Why has bitcoin dropped? Bitcoin's price and the price of several other leading cryptocurrencies plunged at the beginning of December 2021. Approximately $10,000 was taken off the price, resulting in a price of $45,000. This is a far cry from the all-time high of $69,000 seen in November. Recent turmoil follows uncertainties over the latest Coronavirus variant and high inflation in the United States and the United Kingdom, as well as threats of further crypto investment regulation in the future.
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