Bitcoin's Price Plummets Amidst Regulatory Pressure and Low Liquidity.

Bitcoin fell to its lowest level since mid-March due to low liquidity and regulatory pressure from US regulators. The second-largest digital currency, Ether, also fell. Liquidity has been a big issue for crypto markets since the closure of key platforms used to buy into the crypto market. Scrutiny from US regulators on the digital currency industry has ramped up since the collapse of crypto exchange FTX last year. The bitcoin network itself has faced congestion in recent days with Binance last week forced to temporarily halt bitcoin withdrawals.