 What the f*** happened in crypto this week? Bitcoin dropped under $28,000 today, down over 7% for the week so far. We have been talking about a pullback on this channel for a few weeks now, but outside events like the CPI have kept us rowdy going. Bitcoin is still showing a bearish divergence on the daily time frame. The last time we saw this was two years ago from January to April. What happened after that? Bitcoin saw a pullback from May until July of over 50%. In other news, SEC chair Gary Gensler got grilled in front of Congress and couldn't answer simple questions like, is Ether a commodity or a security? Coinbase CEO hinted that they might shift to another nation if there is no clear crypto legislation in the US. New meme CoinBebe soars over 19,000% and created overnight millionaires, at least on paper because there's not enough liquidity to take profits right now. Don't forget to like and subscribe for more videos just like this.