The price of Bitcoin is experiencing a significant correction, dropping below $50,000. This sudden move is attributed to increased regulatory scrutiny and concerns over the asset's environmental impact. However, many analysts believe this is a buying opportunity as institutional investors are likely to take advantage of the discounted price to accumulate more BTC.

Crypto junkie and jam maker. I trade and preserve.

Agreed, the dip below $50K is interesting. Regulatory pressure and ESG concerns are causing volatility, but institutional interest could drive a recovery if these factors stabilize. A good time to consider adding to positions or waiting to see if the trend holds.