Here’s What Caused Bitcoin’s Flash Crash To $29,000
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Bitcoin had been trending over $31,000 for the better part of Friday after reclaiming this support level from the bears. However, this did not last long as the digital asset saw a flash crash that sent its price spiraling toward the $29,000 level. SEC Says ETF Filings Are Inadequate On Friday, the Wall Street Journal released a report that negatively impacted the market. The report revealed that the United States Securities and Exchange Commission thought that the recent barrage of Bitcoin ETH filings that it had received was inadequate in their filings. This follows a two-week stretch of positivity after
The US Securities and Exchange Commission (SEC) has reportedly told exchanges Nasdaq and Cboe that recent filings for spot Bitcoin (BTC) exchange-traded funds (ETFs) from asset managers including BlackRock and Fidelity were not “clear and comprehensive” enough. Bitcoin ETFs In Jeopardy? The SEC has rejected several Bitcoin ETF filings in…
Bitcoin bears re-entered the marketplace on Saturday, as prices moved closer to a multi-week low to start the weekend. BTC once again fell below $29,000, whilst ETH continues to move lower, and now... [[ This is a content summary only. Visit my website for full links, other content, and more!…