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Among the crypto-specific catalysts driving the crypto market down is continuing regulatory overhang. Today, investors appear to be concerned about new proposed legislation that would allow crypto assets to be tracked. The Treasury Department and other agencies are looking to track crypto mining and use cases worldwide.Why is bitcoin going down?
Possible reasons for why the Bitcoin price is going down: Dell is selling their first bitcoins. The whales (big Bitcoin holders) are selling. Investors think Bitcoin is still in Bubble territory. There is no real reason to go up, and crypto in general doesn’t seem to like stability, so it either goes up or down.How expensive is bitcoin?
The most and least expensive countries in the world to mine bitcoin. In terms of the cheapest countries, Venezuela leads by a wide margin. The data shows that a single bitcoin can be mined for just $531, which, with bitcoin's current price of around $11,000, would yield a handsome $10,500 profit.