Wednesday, We reviewed how Tesla’s acceptance of Bitcoin and the direct listing of Coinbase helped push the price of Bitcoin to a record high of close to $65,000. In hindsight, this became a market peak. Today, we will show how some traders and investors started cashing out in April and May, as people are increasingly worried about the U.S. capital gains tax, Bitcoin’s environmental footprint, and China’s outright encryption ban. It seems that fear, uncertainty and doubt-FUD, or cryptocurrency for negative news-came all at once.