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Bitcoin => Bitcoin Discussion => Topic started by: CryptoKing1992 on August 09, 2018, 03:29:16 AM



Title: How much will SEC desicion on bitcoin ETF affect Bitcoin?
Post by: CryptoKing1992 on August 09, 2018, 03:29:16 AM
Bitcoin price fell below $6,500 support level against the US Dollar.  There is a strong buying interest near $5,850 which is indicative of an eventual upward move.

Bitcoin fell sharply on Wednesday because the SEC postponed its decision on whether it would approve a bitcoin exchange-traded fund (ETF) proposed by VanEck and SolidX.  This is VanEck's third attempt to push a Bitcoin ETF through. "Bitcoin's abyss: when will the bleeding stop? (https://www.finstead.com/bite/bitcoin-price-analysis-prediction-august-4-2018)"

How do you think? How much will SEC desicion on bitcoin ETF affect Bitcoin?