The Bitcoin market has seen a notable drop in value recently, raising concerns among investors and cryptocurrency enthusiasts. Below, we explore some of the main reasons behind this bearish trend.

Government regulation and scrutiny
One of the most significant factors affecting the price of Bitcoin is the increase in regulatory scrutiny. In the United States, the Securities and Exchange Commission (SEC) has stepped up its investigations into cryptocurrency exchanges such as Binance and Kraken. These actions have created uncertainty in the market as investors fear potential sanctions and additional restrictions.