🐳 As #Bitcoin ranges tightly between $61K and $64K, large whales have made some accumulation moves over the past 24 hours. Wallets with 1K-10K $BTC have collectively accumulated ~$941M worth of coins, rebounding to their highest holding level in 2 weeks.
🇺🇸 Congressman Sean Casten introduces the "Blockchain Integrity Act" to "temporarily prohibit financial institutions from transacting with funds that have gone through digital asset mixers" while the SEC and DOJ "conduct a study on their illicit uses."
#intocryptoverse “Alt Season” is when #BTC dominance craters, as people take profits from BTC and put it into altcoins
A macro BTC dominance uptrend, which is what we have been in, suggests that this is not alt season, nor has it been. This chart shows the last alt season we had was in 2021 (@FOMO_INSIGHTS) SOCIALS Share with your friends
#ki_young_ju #Bitcoin network fundamentals could support a market cap three times its current size compared to the last cyclical top, potentially sustaining a price of $265K. (@FOMO_INSIGHTS) SOCIALS Share with your friends
#DaanCrypto > Prices Bounce 15% from their lows on average. > People euphoric, all time highs next.
> Prices come down 5% on average. > Ok this is it, cycle might really be done again.
Somehow the expectation of the average market participant is that we're either going to move up or down in straight line. Has it ever been that way?
Even if this were to be the start of a move up or reversal, have some patience as higher lows are created (or not) and don't expect everything to move as quickly as you want it to.
#Bitcoin is already way ahead of where it would usually be at this point in the cycle.
Gary Gensler, chairman of the U.S. SEC, said that the SEC oversees a $110 trillion capital market, of which cryptocurrencies are only a small part, but a huge part of the problem of fraud. He did not directly respond to the question of whether Ethereum is a security or a commodity, but said that the fundamental problem is how to ensure that U.S. investors are protected, that they do not receive the required disclosures. — link