Bitcoin Tumbles Below $6500. What Has Happened?
The U.S. Securities and Exchange Commission (SEC) has extended the time period it needs to make a decision on bitcoin ETF.
At the end of this week the SEC should have held a meeting to make it clear whether Cboe can start offering shares of a Bitcoin exchange-traded fund (ETF) officially. However, the department delayed its decision until 30th September.
We already wrote why ETF approval is important for the market.
This news couldn’t pass by bitcoin without shaking it. It has dropped in price and now trades at $6500 level. The main reason that caused its fall is that big players feel like buying up dozens of bitcoins before this cryptocurrency rockets up. We advise you to join them.