[NEWS] Why BTC has plummeted

($10,559 since time of post)

• India
  Indonesia has pushed for the ban of cryptocurrency trading, and many banks have closed BTC transactions, exchanges, and accounts, including the State Bank of India, Axis Bank, HDFC Bank, ICICI Bank, and Yes Bank.
  On January 21st, Bitcoin opened at the markets at ~$12.9k, before plunging more than $1k.
• EU
  EU Policymakers are set to increase scrutiny on cryptocurrency, amid fears of "the bubble bursting". The UK has also issued warnings to the public about ICOs. French Finance Minister Bruno Le Maire is one of the strongest advocates for regulating cryptocurrency, which if actually done, could cause Bitcoin/cryptocurrency in general to take another huge plummet.

Cool, so what happens to my money?
Bitcoin's all time high is around $20k, and has sustained an average of around $14k. Bitcoin should be bought because it can't be regulated if bought/traded in secrecy. I expect bitcoin to go back up, because of the price it is at. Everyone should also keep in mind that it's January, and people are selling coins for tax season to avoid capital gain.