Formerly and Curently

I’ve been involved in the cryptocurrency market for over 4ish years, I've witnessed the ups and downs, new coins, and hyped-up expectations. However, what I find intriguing is the contrast in how the market responds to FUDs (fear, uncertainty, and doubt) today compared to in the past.

Previously, even minor negative news such as an unlawful coin offering would result in a <15% market drop, leading to millions of dollars being liquidated. Yet, nowadays, despite weekly serious allegations from the SEC and other financial regulators, the market only experiences a minor percentage decline.

In my view, this implies that the SEC and US regulators are losing their credibility, and panic selling in response to news is becoming less common. Additionally, with significant financial institutions and banks struggling, new investors are searching for alternative options, with cryptocurrency being one of them.

Overall, it's fascinating to observe how the cryptocurrency market has become more resilient to negative news from regulators,and specifically Gary Gensler and all his followers it will be intriguing to see how this trend develops in the future.