Isn't the ban on staking in the USA supposed to be bullish for bitcoin and other proof of work crypto projects? I only heard not to stake on centralized exchanges but not the same for mining in the USA, so if you are in America you are free to fire on your Asic miners. All Hail to PoW algorithm.
Well, unfortunately, based on how I understand things to be or work, any ban in bitcoin and cryptocurrencies in general send a negative message to the brains of individuals, it be clouds them that it becomes extremely difficult to see the brighter side of such a ban, so personally myself, I am not surprised the way investors perceived the US stands on staking, and besides, bitcoin also can be staked on several platforms, the current correction in the price of bitcoin, which have also affected the entire market might be due to investors unstaking their bitcoins from centralized platform and selling - this is my assumptions.