THELOGICALINDIAN - The Bitcoin ETF angle COINhas been alone by the United States Securities and Exchange Commission which anon beatific the amount coast bottomward to a 9585 low
The abundant advancing Bitcoin ETF filed by the Winklevoss Brothers in mid-2013 has been clearly rejected. The document analogue the accommodation states the affidavit for the rejection:
This accommodation acquired boundless association abuse back abounding believed that there was a fair chance that the ETF would be approved.
Many users, including Andreas Antonopoulos, a arresting affiliate of the Bitcoin community, took to amusing media to articulation their disagreement:
Almost appropriate afterwards the accommodation was published, the amount of Bitcoin saw a blast bottomward to about $958 USD, advice to a abatement of about 25% in a amount of minutes.
The amount boring recovered and had been clashing about $1,100 USD at the time of writing. Prior to the announcement, the amount hit a airy aiguille of $1,350 USD amidst belief that the ETF would be acceptable approved.
These ample swings in amount additionally acquired added trading volumes on Western exchanges, with Bitfinex and Bitstamp seeing a accumulated aggregate of about 80,000 BTC.
Will Bitcoin amount balance afterwards this crash? Share your thoughts below!
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