Why Recent Bitcoin Price Drop Was Long Overdue, and How it Will Recover

Over the past 24 hours, the bitcoin price has dropped from $15,900 to $13,000, recording a 19 percent decline in value.
Major Market Correction
The price of bitcoin fell sharply as the entire cryptocurrency market experienced a major correction. The combined market valuation of cryptocurrencies fell from $600 billion to $489 billion within a single day.
Analysts have attributed the recent decline in the price of bitcoin and every other cryptocurrency in the market to the latest bull run and stro