Bitcoin is in dire straits. The whole crypto world is. I suspect we're currently undergoing a wall-street-powered market manipulation, and if so, they're almost certainly in bed with regulators ready to swoop in and provide 'solutions' as soon as prices crash and people cry. Such is their way.

There appears to be a lot of effort to break cryptos via social and price manipulation right now, and it's yet to be seen whether people will be levelheaded enough to spot the deception and choose a path that benefits themselves instead of the adversaries.