Numerous theories emerge whenever the price of Bitcoin takes a sudden and steep dive. The usual suspects include government regulations, the possibility of exchanges manipulating prices, Bitcoin (BTC) whales manipulating prices, overleveraged traders and some conspiracies involving Tether (USDT).
Between Aug. 15 and Aug. 18, Bitcoin’s price experienced a significant 12% decline. This occurrence followed a familiar pattern, prompting a variety of reasons put forth by analysts and experts.