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  • Writer's pictureMichael Paulyn

As the Saying Goes, All Good Things Come to an End, and the Same Goes for Bitcoin's Streak

As the saying goes, "all good things come to an end," and Bitcoin's two-week winning streak is coming to an end; this is proving true. The last occurrence like this was in November 2013, when the cryptocurrency saw 15 straight days of upward price growth, its longest streak on record.

As of January 18, 2023, it's felt that the main reason for Bitcoin's overall decline is partly from the US Department of Justice's arrest of Bitzlato's founder and the exchange's complete shutdown. The US DoJ has stated that "citizens should be aware that the DOJ has the authority to take legal action against anyone who engages in illegal activity related to cryptocurrencies."

This recent arrest and exchange closure is proving difficult for those looking to use cryptocurrency to coordinate illegal activities and launder their illicit funds, meaning Bitcoin might not be the top choice for those looking to skirt the law in one way or another.

Hungry for more? Join me each week, where I'll break down complex topics and dissect the latest news within the cybersecurity industry and blockchain ecosystem, simplifying the world of tech.

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