You're sunk deep, deep... Bitcoin

The $BTC continues to fall despite the upcoming halving, the large virtual currency seems to have no peace, showing a variation of almost 93% in the last 24 hours, however hopes remain high for those who bet on Bitcoin.

Unlike fiat currencies, such as the euro or the US dollar, the value of Bitcoin (BTC) is not defined by a single entity such as a central bank. Instead, price is defined by supply and demand or, in simpler terms, what people are willing to pay.

·         The price of Bitcoin is defined by supply and demand. When there is more demand for Bitcoin, the price rises. When there is less demand, the price goes down.

·         Historically, global financial events and popular culture moments have affected the price of Bitcoin.

·         The maximum supply of Bitcoin is capped at 21,000,000 BTC.

Current price $64,804.63

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