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Why is Bitcoin losing shine?

Gayathri Udyawar / Article rating: 5.0

Bitcoin is facing a lot of regulatory attention since the beginning of the New Year. This is putting pressure on Bitcoin prices even as it is generating interest among high net-worth individuals, tax evaders as well as commoners looking to make a quick buck. Off-late traders from Asia have been very active on Bitcoin trading exchanges, driving the digital asset's valuations to even greater heights.