Last month, Bitcoin (BTC) price was at its peak but it has since crashed to as low as US$33K before stabilizing at the levels between US$35K to US$40K. I sold off BTC when it peaked and bought in tranches when prices started falling. However, I am still making a loss since prices have not recovered. Bitcoin crashed badly as much as 40% from its peak. The reason for the crash was a slewed of bad news whereby speculators sold down Bitcoin. Tesla will no longer accept Bitcoin as payment over climate concerns, Elon Musk We all know every twitter that Elon Musk makes either bring the Cyptocurrency over the moon or down the valleys. The prices of Bitcoin fell 10% after he made that comment on 12th May 2021. Chinese government crackdown Perhaps a bubble has already appeared in Cryptocurrency and therefore the Chinese government decided to step in. On 21st May 2021, the Chinese authorities vowed to crack down on mining and...