Increasing Regulatory Scrutiny May Be Driving Latest Bitcoin Downtrend

Bitcoin (BTC) has been caught in a firm downtrend ever since it set a yearly high at $13,800, with the cryptocurrency continually facing significant downwards pressure that has forced it to drop to fresh multi-month lows of just above $7,000 over the past 24-hours.
Analysts are now noting that increasing regulatory scrutiny surrounding Bitcoin and the aggregated crypto markets – some of which has essentially been spillover from that surrounding Facebook’s Libra – may be one imp