There was a dip in bitcoin price and many factors were responsible for this dip new regulations were introduced. All these regulation are not against bitcoin instead they are for the betterment of the cryptocurrency. Dip was expected as these regulations were predicted by most of the experts however they did not expected that some countries will try to centralized cryptocurrency.
Meaning of Bitcoin is Decentralized
If some day bitcoin will be added into Oxford English Dictionary the meaning of bitcoin should be decentralized currency. If someone will try to centralized it than it will no more be cryptocurrencey. We are already facing the issues with centralized system. Exchanges of cryptocurrencies are also centralized because you are dependent on exchange for your coin but making this exchange limited to just a single country is making it more centralized.