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BUY Bitcoin/Altcoins: Not Yet

Despite all of the ETFs coming online and crypto being pumped in Nashville this week, the crypto market has not yet started its next bull run.

The green arrow marks the price range where insitutional investors prefer to load up on BTC/Altcoins. Though it is possible that the next bull run commences from here, it is wise to wait for confirmation on the weekly chart.

Regulatory Clarity for 70-80% of the Cryptocurrency Market

An Illinois court ruling provides the following:

CFTC Chairman Behnam confirms Bitcoin and Ethereum as digital commodities under the Commodity Exchange Act.
An Illinois court decision provides regulatory clarity and sets a precedent for other cryptocurrencies.
Behnam states 70-80% of the cryptocurrency market are non-securities, impacting regulatory oversight.