So what’s actually going on? Serious discussion

This whole thing makes no sense to me. It seems that news of bitcoin adoption; El Salvador, banks storing assets, states accepting bitcoin plus the fact there are tons of news about it, more companies experimenting etc… isn't doing anything.

The price isn't going up.

What is causing this struggle? Is it covid, what's happening with the dollar, any SEC things, or is it China again…?

Just hoping to get a good thread started with what people, news, thoughts and opinions.