Despite a 6% dip over the past month, Bitcoin (CRYPTO: BTC) remains in a macro bull market, significantly outperforming other assets since early 2023.
What Happened: Crypto chart analyst Ali Martinez highlighted a notable pattern coinciding with the SEC launching a cyber and emerging technologies unit to combat crypto fraud.
He suggested the market’s fear of regulation triggered the recent drop and stated: “scammers are in panic mode!”
Full story available on Benzinga.com