It is possible that the value of cryptocurrency has been affected by unwarranted criticism from governments of countries banned from using cryptos as a form of official trading. But it is also possible that cryptos systems are becoming more and more vulnerable to hackers, who long ago have greedy cryptos hacking into holes, making the value of cryptos go down.
Although crypto is decentralized but not a totally different reality, it still depends on politics, government permissions and decisions, etc. So when it's banned, the price will go down because people won't see value in something banned.
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