Evil Gensler and boring bitcoin for $30,000: a review of memes
Date: 2023-07-02 Author: Karina Ziganova Categories: IN WORLD
Bitcoin spent this week in a sideways trend. Most cryptocurrencies followed suit. Members of the crypto community joke about how tired they are of seeing the same picture on the bitcoin chart.
Many are waiting for BTC to rise, the prospects of which can be traced on the coin's chart. Some of the cryptans believe that a correction is not ruled out before the next wave of positive movement. The latter, however, can be stopped by support lines.
"When you're trying to buy memecoins at the bottom to break the bank."
Not without jokes that many beginners forget about the high level of volatility of cryptocurrencies. As a result, BTC movements seem wild to them. One of the netizens created a video - a reminder that shows an approximate scheme of the bitcoin exchange rate:
Meanwhile, the crypto industry continues to discuss the prospects for approving a spot bitcoin ETF in the United States. Attention to the topic was attracted by BlackRock. Following it, many other organizations applied to launch the tool, including Bitwise Asset Management and WisdomTree
Despite the optimism of companies, not all cryptos believe in the likelihood of approving a spot bitcoin ETF in the United States. They believe that the current head of the US Securities and Exchange Commission (SEC), Gary Gensler, who has repeatedly rejected applications to launch such instruments, is unlikely to make concessions. The Commission, in turn, calls applications for the launch of a spot bitcoin ETF "inadequate".
"When everyone thinks you're going to approve their ETFs, and you didn't even come close to doing that
Also, members of the crypto community did not miss the opportunity to make fun of colleagues who, despite the decline in hype after the triumph of PEPE, are still trying to make money on memecoins.
"When you're trying to buy memecoins at the bottom to break the bank."
