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South Korea introduced regulations mandating identity verification for all Bitcoin traders, effectively ending anonymous trading in the country.
This regulatory move was part of broader efforts to curb speculative trading, impacting global sentiment and contributing to market volatility.
Stripe, a major online payment processor, announced it would discontinue Bitcoin payment support, citing high fees, slow transaction speeds, and reduced demand.
This decision underscored Bitcoin's scalability challenges and raised concerns about its viability as a mainstream payment method.
China announced plans to block access to foreign cryptocurrency exchanges, extending its domestic ban to international platforms.
This announcement led to a sharp decline in Bitcoin's price, reflecting the impact of restrictive policies from one of the world's largest markets for cryptocurrency.
Warren Buffett publicly criticized Bitcoin at a Berkshire Hathaway meeting, calling it "probably rat poison squared" and cautioning investors to avoid it.
His comments from one of the world's most influential investors intensified skepticism toward Bitcoin, affecting market sentiment and reinforcing existing fears among traditional investors.
Bitcoin's price plunged to around $3,300, marking a low point following the 2017 bubble burst, as the Bitcoin market faced ongoing regulatory scrutiny and reduced investor enthusiasm.
This price decline underscored the volatility of Bitcoin and raised questions about its future stability and value proposition.
