One of the reasons for the decline in the price of Bitcoin is because Chinese financial institutions have banned cryptocurrency transactions. This ban is the second time since 2017. But I believe that even though there is negative sentiment from China, the possibility of bitcoin prices rising again is certainly still there. Especially when considering bitcoin's strong and solid fundamentals and its limited number
What is new with this regime, Nothing. They will keep banning things that they cannot control. Looks like they dont have control over bitcoin miners that why they decided to start banning them. The environment reason is just a smokescreen since they keep building coal power plant.