Bitcoin’s price fell sharply on Thursday, sparking concerns about its future. But why did it happen?
To understand what’s going on with bitcoin, we need to think about how its price moves. When the price rises, more and more people want to buy it. This creates a problem: where will these buyers come from next?
Bitcoin is like a car that gets faster and faster – eventually, there aren’t many places left to go. To slow down the rise, bitcoin’s price needs to drop. It did so on Thursday.
Investigative reporter Zeke Faux explains this phenomenon in his book “Number Go Down”. His theory suggests that when prices rise too high, buyers start to get nervous and sell, causing the price to fall.
But don’t worry – bitcoin recovered some of its lost value by midday Friday in New York.
Source: https://www.bloomberg.com/news/newsletters/2026-02-06/bitcoin-s-fall-from-all-time-high-explained-by-number-go-down