It seems that the recent consolidation is related to the U.S. Government Shutdown 🤔

in H4LAB Researchlast month (edited)

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Source: Polymarket

The altcoin market is still boring. I feel like I'm being wrung out.


I've been thinking about the reason. As you know, many spot altcoin ETFs have been waiting for approvals by the U.S. SEC(Securities and Exchange Commission). But, as the U.S. government entered the shutdown status, the results of approvals have been delayed.

So, that's why the atlcoin market lacks clear direction and momentum. It might be boring more. Disgusting 🤬