Bitcoin is going down regardless of any news. It's just the end of this bubble. Would help when people would fucking realize this for a sec.
I agree that the price has been in a relatively longer term downtrend, and that might continue in the coming weeks as well. The demand from being sky high, has currently no foundation to stand on anymore.
People however always like to think that when the price is going down, it has to be related to negativity, and that is not the case, but people can't understand that because they don't know anything about this market.
Most people are of believe that Bitcoin can become worthless overnight, which stimulates them to panic sell each time the market seems to be going through a firm correction, which is ridiculous.
I agree with OP's stance. I have today stated that this forum will start to become a more important place to advertise on due to social media platforms going absolutely nuts on crypto ads.
It's a short term disappointment seeing Google do this, but in the long term other platforms will take over in this aspect, and they'll be thriving due to the insane demand now large social media platforms left a massive gap.