Financial Times: Bitcoin is still about $70,000 above its intrinsic value. Reuters: China tightens crypto controls, will scrutinize Token pegged to real assets. If you're new to the market, headlines like these might make you anxious. But in reality, this is very common. Almost every time BTC corrects its price, news like this appears. China has announced a ban on crypto multiple times since 2013. It's important to realize that BTC is experiencing a level of hostility that other asset classes don't. Stocks, gold, and even silver have all had prolonged periods of sharp declines lasting years, but they've rarely been attacked in this way. Specifically with BTC, there are always people who want it to fail and want those who believe in it to suffer losses. This isn't simply a difference in investment perspective. Because if you think it has no value, you could simply ignore it or open a Short position. But no. This is genuine hatred.