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There are different reasons for this, such as concerns about the environment and government rules. Some people think that in the short term, the price could still go up and down a lot because of different things like the economy and what people think. It's hard to know for sure what will happen, so people who want to invest in Bitcoin should be careful and think about the risks and rewards before doing anything because the Bull market may be in trouble.BTC
The rules are getting stricter and the exchanges are facing the heat from the regulators but how come it will have an affect on the price and the environment fanatics are crying about mining for sometime and those things will not affect the price.
There was a network congestion when BRC-20 started clogging the network and hence the transaction fees started to rise and that is the main reason for the recent correction as far as i understand.