MARKET VIEW
Weekly changes: BTCUSD –6.80%
BTCUSD has already dropped 32.5% from its November all-time high of 69,095.24. The pair fixed the closing price of the week at 46,830.27.
BEARISH TRIGGERS
The pair declined due to new potential restrictions. The BoE's Governor issued a warning against crypto assets since the central bank doesn't consider them as currencies in the widely anticipated meaning. Later, the Russian central bank joined the anti-crypto campaign, not supporting its circulation in the country. BTCUSD fell below 45,500 upon the news.
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