SEC suddenly cancels crypto regulation meeting! BTC $63,440 might not hold
💡 Bad news is out, and regulatory uncertainty continues to weigh on market sentiment—bearish in the short term.
Guys, the SEC originally planned to hold a meeting this Friday to discuss a crypto regulatory framework, but it was canceled outright. In plain terms, the U.S. Securities and Exchange Commission has once again “stood people up.” They didn’t disclose the specific reason, but the result is clear: the regulatory framework continues to be delayed. This is not good news for the entire crypto market, because what the market fears most isn’t bad rules—it’s the absence of rules. As long as uncertainty isn’t resolved, institutional money won’t dare to step in at scale.
In the short term, this directly impacts market sentiment. BTC is now $63,440.01, down 0.12% over the past 24 hours. It was already wobbling at a standstill, and now it has even less confidence. ETH is up slightly by 0.30% to $1,887.55, but this kind of gain could be wiped out at any moment.
The medium-term impact is even deeper—if the regulatory framework isn’t released for a day, compliant capital will remain on the sidelines, which will suppress upside momentum for the whole sector.
My view is very clear: bearish in the short term. BTC will likely test the $63,440.01 support level; if it breaks, the next stop could be $63,440.01. ETH’s $1,887.55 support won’t last long either—pullbacks to $1,850 and even a move back to $1,887.55 are entirely possible. This is not the time to rush into bottom-buying. Wait for signs that the market has stabilized. If you’re already holding positions, trim them or cut losses—don’t stubbornly hold on.
- Coins: BTC / ETH
- Direction: Bearish 📉 Forecast drop
- Duration: BTC 12 hours / ETH 24 hours
❓ If you find this useful, forward it to your crypto friends—so you can avoid one more pitfall
$BTC $ETH #BTC #ETH
📊 Historical backtest
- After a similar article like “Crypto treasury concept stocks cool down in August; Fed’s Jackson Hole meeting is coming” (2025-08-20) was published, BTC’s 12h move was -0.87%; the bearish prediction was correct ✅
- There were 136 bearish BTC-related news items in history; in 64 cases, the predicted direction matched the actual price action (accuracy 47%)
⚠️ Not investment advice
💡 Bad news is out, and regulatory uncertainty continues to weigh on market sentiment—bearish in the short term.
Guys, the SEC originally planned to hold a meeting this Friday to discuss a crypto regulatory framework, but it was canceled outright. In plain terms, the U.S. Securities and Exchange Commission has once again “stood people up.” They didn’t disclose the specific reason, but the result is clear: the regulatory framework continues to be delayed. This is not good news for the entire crypto market, because what the market fears most isn’t bad rules—it’s the absence of rules. As long as uncertainty isn’t resolved, institutional money won’t dare to step in at scale.
In the short term, this directly impacts market sentiment. BTC is now $63,440.01, down 0.12% over the past 24 hours. It was already wobbling at a standstill, and now it has even less confidence. ETH is up slightly by 0.30% to $1,887.55, but this kind of gain could be wiped out at any moment.
The medium-term impact is even deeper—if the regulatory framework isn’t released for a day, compliant capital will remain on the sidelines, which will suppress upside momentum for the whole sector.
My view is very clear: bearish in the short term. BTC will likely test the $63,440.01 support level; if it breaks, the next stop could be $63,440.01. ETH’s $1,887.55 support won’t last long either—pullbacks to $1,850 and even a move back to $1,887.55 are entirely possible. This is not the time to rush into bottom-buying. Wait for signs that the market has stabilized. If you’re already holding positions, trim them or cut losses—don’t stubbornly hold on.
- Coins: BTC / ETH
- Direction: Bearish 📉 Forecast drop
- Duration: BTC 12 hours / ETH 24 hours
❓ If you find this useful, forward it to your crypto friends—so you can avoid one more pitfall
$BTC $ETH #BTC #ETH
📊 Historical backtest
- After a similar article like “Crypto treasury concept stocks cool down in August; Fed’s Jackson Hole meeting is coming” (2025-08-20) was published, BTC’s 12h move was -0.87%; the bearish prediction was correct ✅
- There were 136 bearish BTC-related news items in history; in 64 cases, the predicted direction matched the actual price action (accuracy 47%)
⚠️ Not investment advice