Media and large companies playing it together. I am completely persuaded that the market situation we're in is merely because of manipulation. Large companies are pumping and dumping, taking profits with them. Media are also creating hype but a few moments later we see a dip in price.
Another reason is because of Government's strict implementation of its rules and regulations about Bitcoin. As a completely decentralized asset, it is indeed provided some danger especially when it comes to criminality and drug related transactions. Animosity on our transaction makes some people abuse this system, operating their illegal activities on the blockchain.
Bitcoin has been an instrumental figure in the cryptocurrency world and has a lot of uses.