Are you guys okay? The BTC I held before I had time to recover has now continued to decline.
Although I am always bullish and expect the market to increase this July, I still have to look at reality.
Many news make it difficult for the market to increase at this time. The German and US governments continuously push coins to the exchange, Mt Gox plans to repay debt within the month, many projects will unlock large amounts of tokens.
On the positive side, we are waiting for news of ETH ETF from the SEC, we don't know the exact date, the market is still gloomy waiting for news. The market is depressed but in my opinion there is no lack of liquidity. Currently, investors just need a reason to be fomo, and ETH ETF approval will be one of those reasons.
The other day, just hearing the news that VanEck registered SOL SPOT ETF despite being considered a security by the SEC was enough for the market to recover. With the news of the upcoming ETH ETF, the market may have stronger fomo.