But to put recent downward price movements in context, bitcoin fell nearly 30% the day the SEC rejected the first bitcoin ETF application submitted by Cameron and Tyler Winklevoss in 2013. Then, there’s the bull market beginning in 2017, a year which began with the People’s Bank of China deciding to ban crypto and restricting what were then the “Big Three” exchanges, Huobi, OKCoin and BTCC.

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• Source: https://www.coindesk.com/consensus-magazine/2024/01/26/why-is-everyone-suddenly-bearish-about-bitcoin/?utm_medium=referral&utm_source=rss&utm_campaign=headlines