Price Correction

Bitcoin’s recent selloff has been dragging on for five months, reaching just over a 50% correction. A simple explanation lies in supply and demand mechanics: since there was more Bitcoin supply to the marketplace than demand for it, the price fell. But this would only paint half the picture. In addition to a technical explanation, it is important to identify fundamental drivers of price and how they affect the market’s macro narrative. One surface reason is China’s publicity war on…