
The Clarity Act not passing yet and banks fighting to prevent yields on stable coins, has worsened things for sure. We didn't get the US SBR that Trump campaigned on, where the US would buy 1M BTC over a few years.
He didn't follow through the way many expected and then stole billions in liquidity with his meme coins and it hasn't been the same market since.
Also, altcoins barely moved this cycle. The money went into BTC or meme coins, and alts are what most people were thinking would make them tons of money like in 2021.
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