Bitcoin falls due to US regulatory uncertainty and general risk aversion

Naeem Aslam, an analyst at Zaye Capital Markets, pointed out in a report that the price of Bitcoin has fallen due to the uncertainty in US regulations and the general risk aversion affecting cryptocurrencies. A cryptocurrency summit held at the White House last Friday did not reveal any details of President Trump's regulatory plans for the industry. Aslam stated that the market is also dealing with concerns about global trade tensions and expectations of a possible weakening US economy.