I don't think it's those regulations. All those rumors about the korean and chinese govt banning crypto came and went. THe issue was really when those rumors were denied, the action of bitcoin told the tale. If the market had momentum, any denial of the previous rumor (korea banning being the most recent) would have shot bitcoin up above the previous resistance, the realty was it didn't. Since Dec 16, the market has entered a consolidation, these news about regulation or not are just the media's excuse to put an excuse after the fact.
It's like when the stock market drops, they will just try to put a NEWS around it. But, it always turns out to be not the cause.
I don't think it's those regulations. All those rumors about the korean and chinese govt banning crypto came and went. THe issue was really when those rumors were denied, the action of bitcoin told the tale. If the market had momentum, any denial of the previous rumor (korea banning being the most recent) would have shot bitcoin up above the previous resistance, the realty was it didn't. Since Dec 16, the market has entered a consolidation, these news about regulation or not are just the media's excuse to put an excuse after the fact.
It's like when the stock market drops, they will just try to put a NEWS around it. But, it always turns out to be not the cause.