Bitcoin Keeps Falling and No One Knows Why

Photograph by Carsten/Three Lions/Getty Images

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Bitcoin is plummeting, again.

The leading cryptocurrency has fallen 8% in the last day. And since the market began to drop last Wednesday, it’s down 20%.

And in the context of Bitcoin’s all-time high of $19,783.06 in mid-December of last year things obviously look even worse: Bitcoin is down 75% from its top-tick price.