Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?
There hasn’t been any serious decrease or increase as of recent. The price has been quite stable around the $30,000 range. There also have not been any serious event that I would say will lead the price to a fall. It might be like this for long. I’m also not expecting any increase, despite that I have seen some analysts that analyzes another bull run, but I don’t believe that.
China is usually the main cause of the decline from last year until now, this happens because China has the largest bitcoin mining company in the world, and now that it is closed by their country, it causes bitcoin to go down very far.
As for China and their closure of bitcoin mining farms, that’s been a while it happened and whatever effect it’s meant to have in the market, I believe it has already done that. So whatever we are seeing now is just a normal up and down movement of the market.