Bitcoin (BTC) is currently trading within a narrow range between $94,000 and $100,000, leading to confusion among investors about its next move. The lack of breakout movement has raised concerns similar to those seen during the 2018 market recession. Industry experts believe that the surge in memecoin speculation is behind BTC's stagnation, as these tokens are diverting liquidity away from more established cryptocurrencies. This has led to calls for memecoins to be banned, as they are seen as a net wealth destroyer and expose the market's fragility, making institutional investors hesitant. While some traders fear a potential crash like the one in 2018, others believe that the current market cycle is different due to favorable regulatory conditions. The removal of regulatory burdens by the SEC and CFTC could boost the market, although this has yet to be fully priced in.



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