The recent decline in Bitcoin's price can be attributed to several factors:

1. Regulatory Pressures: Increased scrutiny by the U.S. Securities and Exchange Commission has heightened market uncertainty. 


2. Interest Rate Speculations: Statements from Federal Reserve officials suggesting a slower pace of interest rate reductions in 2025 have dampened investor sentiment. 


3. Geopolitical Tensions: Ongoing conflicts in regions like the Middle East and Ukraine have led to broader market instability, affecting cryptocurrencies. 



These combined factors have contributed to the recent downturn in Bitcoin's value.