Why has Hive fallen?

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(Source: https://www.steemfiles.com/ticker)

I see Hive has fallen to 61¢ US. Hive dollar is down too. Unfortunately these assets are very correlated. What happened? What are we doing wrong. BTC has also gone down in price. It's a good time to buy with fiat. Think of it this way: Your fiat USD has gone up to 17.30µBTC! That is 0.000,017,3 BTC! We could be going into a dreaded "bear" market but I would doubt it. It could also be a "bear trap" where a price dip allows a whale to enrich himself while the minnows sell. I shall wait and see how low BTC gets.

There is an issue with the FATF and more and more new users are not custodians of their own coins.


Why has Hive fallen? | Ecency