> ## Content Index
> Fetch the complete content index at: https://www.theunredacted.co/llms.txt
> Use this file to discover other available public pages before exploring further.

# Summer Slump or Bear Dump
- URL: https://www.theunredacted.co/summer-slump-or-bear-dump/
- Published: 2021-07-15T16:00:00.000Z
- Updated: 2021-07-15T16:00:00.000Z
- Author: Gene Goodwin

## Crypto’s top dogs have yet to recover from May's market crash. Here are all the reasons BTC and ETH are stuck in a rut.

[Summer Slump: Why Bitcoin and Ethereum Are Stuck in a Rut - DecryptHere are the biggest reasons BTC and ETH have been unable to get out of the bearish summer slump that started in May.![](https://cdn.decrypt.co/wp-content/themes/decrypt-media/assets/images/favicon-32x32.png)DecryptWill Gottsegen![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2021/03/bitcoin-red-zone-gID_2.jpg)](https://decrypt.co/75969/why-bitcoin-ethereum-down-summer-slump?ref=theunredacted.co)

[![](https://storage.ghost.io/c/84/d6/84d6d285-f830-4f64-b923-2059f019767d/content/images/2021/07/Screenshot-of-Croissant-_-Enjoy-coworking-anywhere-in-NYC--Brooklyn--LA--SF--London---more-2.jpg)](https://www.getcroissant.com/a/gene85?ref=theunredacted.co)

Jackson Palmer the DOGE creator took to Twitter to share some of his views on Crypto and the State.

> After years of studying it, I believe that cryptocurrency is an inherently right-wing, hyper-capitalistic technology built primarily to amplify the wealth of its proponents through a combination of tax avoidance, diminished regulatory oversight and artificially enforced scarcity.
> 
> — Jackson Palmer (@ummjackson) [July 14, 2021](https://twitter.com/ummjackson/status/1415353985406406658?ref%5Fsrc=twsrc%5Etfw&ref=theunredacted.co)

Thinking about the meaning of life here are some views we can explore and get behind.

Want to learn? [Sign Up](https://bitclout.typeform.com/to/mKWpF6bs?ref=theunredacted.co) Want to help? [Sign Up](https://admin.typeform.com/form/BauyxD0D/create?ref=theunredacted.co) Want to earn? [Sign Up](https://bitclout.typeform.com/to/kVCaRxjM?ref=theunredacted.co)

![](https://storage.ghost.io/c/84/d6/84d6d285-f830-4f64-b923-2059f019767d/content/images/2021/07/Screenshot-of-The-Queen-s-Gambit---Google-Search.jpg)