US is doing everything in power not to let cryptocurrency rise because that would mean the death of the current system that THEY control.
SEC postponing their decision about something that is not even useful for bitcoin is not the reason why cryptocurrencies are not rising. the altcoins have been getting dumped simply because they were pumped and their bubbles needed bursting and they needed to come down to more realistic price based on their lack of demand.
as for bitcoin the current price is still a pretty good rise considering it is now higher 6x more that a year ago. and now it is building up for the next rise.
Obviously, when people sees an opportunity that they think that can be use in manipulating the price then they let it happen, a little news will be huge and it's all upon them. So whatever it is, as long as you hold your position in the market we surely won't be left out when the price surge. Too bad for those who lose their balls during bearish season.
Honestly, I didn't really put my hopes to SEC to approve ETF, like if they'll deny or postpone then good, if it got approved then much better. I'm putting myself in between so I can spare myself in misery.
