SBM Intelligence emphasized that detaining foreign business officials could make it challenging for the country to attract investors.
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Although the altcoin market cap has declined nearly 20% over the past month, traders remain bullish, anticipating that an "explosive rally" phase is yet to come.
Donald Trump has several names on his VP shortlist already, including Sen. Tim Scott, Rep. Elise Stefanik and Gov. Doug Burgum.
Bitcoin's price chart is resembling that of just weeks after the 2016 halving and it could be "hovering around" a local bottom, according to crypto traders.
Besides Binance and KuCoin, several other platforms received the regulatory notice in December last year followed by a ban in January this year.
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