Connect with us

Published

3 months ago

on

Follow Us

Follow Us @

Bitcoin Price Continues to Fall After Halving, Here's the Explanation

Apart from Bitcoin, the price of Ether, the second largest cryptocurrency, also fell 0.1 percent to USD 3,008.75. The Securities and Exchange Commission (SEC) is expected to make a final decision regarding Ether spot ETFs this month.

However, optimism has been tempered for a quick follow-up on Bitcoin ETF approval that sent Bitcoin to an all-time high.

Advertisement

“Market participants anticipated that the SEC would likely withhold approval for this product, despite approving a BTC ETF in January. Concerns over the liquidity of ETH's spot and futures markets, as well as its past classification as a security by the SEC, contributed to the skepticism surrounding rapid approval,” said Greco.

Bitcoin Price Continues to Fall After Halving, Here's the Explanation

Follow TODAYSGIST on Google News  and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!

SHARE POST AND EARN REWARDS:

Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program

Advertisement
YOU MAY HAVE MISSED:
Binance Reportedly Lays Off Over 1,000 Employees

FIRST TIME REACTIONS:

Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.

JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >

#Bitcoin #Price #Continues #Fall #Halving #Here39s #Explanation
Related Topics:
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending