How are you all? Today I will discuss with you Why is Bitcoin falling Nowadays! I am young and have very little experience so please excuse any mistakes.

![ai-generated-7959438_1280.jpg]()
[Source](https://pixabay.com/illustrations/ai-generated-bitcoin-crypto-7959438/)
Why is Bitcoin falling Nowadays ?
U.S.  After the Securities and Exchange Commission approved 11 new bitcoin ETFs on Jan. 10, bitcoin's recent price swings seem to be a case of the old investment adage: "Buy the rumor; sell the news."
As rumors of the SEC's approval of a new Bitcoin ETF make headlines, the price of Bitcoin has risen substantially.
  Bitcoin prices surged after the SEC finally approved 11 spot bitcoin ETFs from several major investment firms, including BlackRock, Wisdom Tree and Valkyrie.  BTC even flirted with the $49,000 level on January 11 before starting the recent decline.
  The only Bitcoin ETFs previously approved by the SEC for trading in the United States are Bitcoin Futures ETFs.
  ETFs, like mutual funds, are baskets of securities that investors can trade as a single investment.  However, unlike mutual funds, ETFs are traded directly on stock exchanges throughout the market day.

[Source](https://pixabay.com/illustrations/ai-generated-trading-stock-market-7884247/)
  Cryptocurrencies themselves trade 24/7 because, unlike stocks and commodities, the crypto market is not a regulated exchange.  It takes place across a decentralized network of computers.
Now bitcoin price $67000.Bitcoin between $50000 and $70000 support place at $66,000.  And it's getting good support so far, so I expect Bitcoin price to touch $80000 if it can stand from here.  If you can't stand it, its price will drop to 50,000.  I hope it never happens.
Today's discussion ends here.  I hope you find it interesting and able to understand.  Share your thoughts on today's topic.  Wishes and blessings to all.  Everyone stay well stay healthy stay with Steemit.