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What is Bitcoin?
Bitcoin is a type of currency and people can use this currency for transactions, it is obvious but the amazing thing is that you people cannot take this currency in your hands, the reason for this is that this currency is not physically available to you, which clearly means that it is a digital currency.
And at the same time this currency is not virtual, which clearly means that even if it is not physically available, it is available on the internet, which means that it is available, it is a currency but we can take it as a digital currency.
No one has control over Bitcoin?
For example, in our country like India, the currency there is Rupee, which we can keep with us online i.e. digital currency as well as physically or apart from this, the most powerful currency which is dollar is also available physically as well as digitally, due to which the government there controls these currencies, but if we talk about bitcoin, then no one has control over it.
Use of Bitcoin?
We also use Bitcoin like a currency, such as to buy services or to buy any goods, as well as it is basically used for investment..!!
Why is Bitcoin falling?
The fall in Bitcoin is not recent but it goes up and down quite often, but it is being focused on because this time it has seen a lot of decline because earlier this week it was trading above $95,000 but according to the reports now, it has fallen below $80,000, but this decline is being estimated from November 2024, but only bitcoin is the new Ethereum
Reason for the fall of Bitcoin?
So the thing is that there are some reasons for its fall in which according to sources it is being told that the first reason is nothing but tariff. Yes, ever since Trump has made such an announcement in which he has brought tariff rules on Canada, Mexico, and China etc., investors have pulled out their investments from currencies like bitcoin and some people who used to invest steadily are doing so to avoid bearing the risk.
The second reason is being told that recently hackers have stolen the maximum amount of digital Bitcoin currency, due to which this is also being considered as the reason for the fall.
