Elon Musk just stirred the narrative again.

At a recent hearing, he said most cryptocurrencies are scams. Not a new opinion — but timing matters.

At the same time, U.S. lawmakers are being restricted from trading prediction markets. Add rising geopolitical tension, and the tone around regulation is clearly tightening.

This isn’t just about one comment.

It’s about how sentiment shifts when pressure builds from multiple sides at once.

Markets don’t move only on data. They react to narratives.

And right now, that narrative is getting heavier.

#Crypto #Regulation #Market