July has been a month of roller coaster ride for Bitcoin. It has faced ups and downs ranging from $13200 to $9684 within just seven days. The 26% decline is due to the sellers monopolizing the market and driving Bitcoin even further below the support level. Alex Krüger is an economist and market analyst and according to him President Trump and his Treasury Secretary reaction over bitcoin may lead to bitcoin’s value decline. Similarly, there are many reasons which can be the cause of a bitcoin market drop.