Analysts: Bitcoin fell due to U.S. regulatory uncertainty and general risk aversion
Zaye Capital Markets analyst Naeem Aslam pointed out in a report that the price of bitcoin has fallen due to the pressure on cryptocurrencies due to regulatory uncertainty in the United States and the general risk aversion. A cryptocurrency summit held at the White House on Friday did not reveal any details of President Trump's plans to regulate the industry. Aslam said that the market is also dealing with concerns about global trade tensions and expectations that the US economy may weaken.