Let's talk logic!
We admit that BTC is losing it's Value
well when you start your topic by "logic" and then continue to say "bitcoin is losing value" while it is rising you just discredit yourself!
as people have fear of it
only the newbies who fail to understand bitcoin have fear of it and make irrational decisions like panic selling during a rise or selling at the bottom. and that was the drop that happened more than a month ago.
the rest aren't fooled by some online nonsense.
@ the same time governments in the middle east, started to make it easier with their master cards, prepaid ones! which easy to use and FREE! even with no fees... which shows 100% it's a war of Crypto @ ALL not only BTC!
sorry to disappoint you but the banking system in Middle East has been the same for many years and it has nothing to do with "crypto". it doesn't show anything either and altcoins are still getting dumped hard.