The slump in price of Bitcoin

Bitcoins have slumped over roughly the last 24 hours, falling down after reaching a high price of more than $12,000 in recent times. After dropping to a $10,264.45 earlier this morning, the digital currency has been trading around this figure for some hours. After the recent fall, some experts focused on where the price of bitcoin will likely go next. Certain factors mostly led to the decline of Bitcoin by over 8% on the day. one being, miners sold off unusually large amounts of BTC in a short span.