Is there a connection between Latin American governmental BTC adoption news and price drops?

I feel like whenever these things hit the news (proposed adoption in Peru, El Salvador, etc…) the market drops pretty hard…

There are always a million and one factors in market behavior, but my conspiratorial imagination assumes that this is due to institutional forces attempting to stifle these types of ideas… I don't really know…

Does anyone here have any further insight for or against this general assumption?

submitted by /u/startfiresintl
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