Bitcoin, Ethereum, Solana and Pepe

A week dominated by regulators and memes. Bitcoin, Ethereum and other cryptocurrencies are losing ground. But is there cause for concern?
We are wrapping up a week that we will not remember as very positive both on the price front and in terms of legal/financial developments across the sector, although we can probably end it with some good news of support holding and a slight bounce, which bodes well.
A week that will be remembered as the week of MiCA, as well as Gary Gensler's incredible testimony - to put it mildly, a sign of strange times - and as the week of the meme token return. And yes, as well as the return of Solana to directly berate bitcoin.

Overview of cryptocurrency week for investors

So what important things happened and what could change the markets in the short, medium and long term? The facts are many, in a week that may not have been entirely satisfying in terms of price, however. But let's go in order.

MiCA takes place in Europe

The most important news of the week is certainly the approval of MiCA, a set of European Union rules to regulate the cryptocurrency and bitcoin sector going forward. Some of the rules concern exchanges, the largest of which say they are very pleased. The approval was a foregone conclusion and did not cause major upheaval in the markets. Europe is eager to attract more "crypto-business." However, this will probably not be enough.

Solana claims it can beat bitcoin

Solana is launching an online panel with which we can check our claimed consumption. The green theme is gaining momentum again, with everyone trying to pass themselves off as the greenest blockchain of them all. Will it be enough to bring Solana back to the center of the discussion? Probably not.

Is Ethereum a security?

For the most mischievous and anxious, this could mean upcoming SEC action aimed at attacking the second most market-capitalized cryptocurrency. The exchanges, at least for now, don't seem to care.

Token meme week

From Pepe to Voiak, several meme tokens have taken center stage. Many continue to declare their disgust, but the truth is that these transactions bring a slight smile to all but those who come in late and end up with a bag in their hands. One very popular exchange has called for a vote to include them.

What to expect from next week?

It will be a week of waiting, preceding the FOMC meeting, the Federal Reserve meeting at which base interest rates are set.
This meeting will be a phone call, as so far no one is willing to bet on an outcome other than a 25 basis point rate hike. However, the week that opens on April 24 could have a few surprises, including for the bitcoin and cryptocurrency world.