Bitcoin experienced a 7% dip over the past seven days.
The SEC delays Bitcoin ETF decisions, creating market uncertainty.
In a rollercoaster ride of hope and despair, Bitcoin, the largest market capitalization Cryptocurrency, sent ripples throughout the community when its price soared from $25,912 to $28,089, following Grayscale Bitcoin Trust’s (GBTC) triumph over the Securities and Exchange Commission (SEC) on August 29. However, this bullish momentum proved to be fleeting as bears swiftly regained control. It pushes it back into the seemingly confining range of $25,628 to $25,858. Adding to it, BTC experienced a 6.25% decline in the past seven days.
Recently, discussions of a potential Bitcoin exchange-traded fund (ETF) approval heated up the bullish mood. But the initial buzz subsided when the SEC, later in the week, delayed decisions on several spot Bitcoin ETF applications, including BlackRock’s, until 2024. Meanwhile, Bitwise officially withdrew its Bitcoin and Ether ETF ap
We współpracy z: https://thenewscrypto.com/bitcoin-bears-regain-control-whats-next/
