_The_wolf_of_Wall_Street_
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CEO of Galaxy Digital commented on the decline of ETH
Over the past week, Ethereum has lost nearly 18% and failed to stay above $3,000. Galaxy Digital's CEO Mike Novogratz links this to the SEC's strict policy regarding Ethereum developers.
Under Gary Gensler, the regulator has sued Consensys and insisted on regulating cryptocurrencies under securities laws. These actions have raised concerns among investors that pressure on Ethereum may resume.
On an annual basis, Ethereum has grown only 15%, while Bitcoin and Solana have shown growth of more than 100%. Analysts predict an improvement in the situation in March when developers plan to activate the Pectra fork — one of the most significant updates to the network.
This fork could significantly impact the market and attract new investors, which could help Ethereum regain its positions.
Over the past week, Ethereum has lost nearly 18% and failed to stay above $3,000. Galaxy Digital's CEO Mike Novogratz links this to the SEC's strict policy regarding Ethereum developers.
Under Gary Gensler, the regulator has sued Consensys and insisted on regulating cryptocurrencies under securities laws. These actions have raised concerns among investors that pressure on Ethereum may resume.
On an annual basis, Ethereum has grown only 15%, while Bitcoin and Solana have shown growth of more than 100%. Analysts predict an improvement in the situation in March when developers plan to activate the Pectra fork — one of the most significant updates to the network.
This fork could significantly impact the market and attract new investors, which could help Ethereum regain its positions.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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