Has the SEC made an approval?

[nikkisnowe]

The price is moving up fast.

[JuanHungLo]

Birfinex showing 1336.4 and immediate dump to 1069.  Never seen that kind of action.

[nikkisnowe]

I'm also watching...
https://www.sec.gov/news/pressreleases

[Igor M]

  It was nice try to rush btc. Waiting for SEC deny now

[Rogerdale]

No decision yet. It's funny to see rise to 1365 and then immediate fall to 1070. I believe this is what happened - many exchanges (like Bitfinex) don't allow to modify price of already placed orders. So people need to cancel current orders and place new ones. At one moment a lot of customers cancelled their buy orders and made market immediately thin. And Bitfinex started forcibly close margin positions and couldn't find any liquidity to sell more and more margin BTC. And market moved very sharply.

That may be also kind of a market manipulation.

And because of these manipulations SEC may come to office today, see BTC price movements and reject ETF proposal.

[nikkisnowe]

And because of these manipulations SEC may come to office today, see BTC price movements and reject ETF proposal.

Please.  The two commissioners at the SEC making the decision aren't going to make a decision based on some price movement occurring over the last hour.  If a yes or no decision will be made, its already been done and drafted by their clerks and simply passing through the administrative process to be published.  If not, this is going to be the first ETF in history to be approved by default after Monday passes. 

[romero121]

Now the price was found stabilized and moving with good phase. Let's wait till the approval is made officially. Till now I don't think the approval is made by SEC. May be the past sudden pump and dump caused due to the time getting closer to the etf approval.

[spark.bet]

The sec announces at what time?

[hv_]

Roumor gaming...

[spark.bet]

Have there been leaks

[Idrisu]

It was nice try to rush btc. Waiting for SEC deny now

As a fellow trader I will advice traders to not buy into rumours as sentiment will drive the market up and down before approval or not approval. I also see the price pump to 1,264 dollars in just a minute from 1,197 dollars. What is happening is that market or price is reacting to ETF approval.

[aardvark15]

Poloniex had a huge swing in price spiking over 1360 but dropping back to around 1175. I'm not sure what's driving that but it could just be manipulation ahead of the ruling on the ETF.

[spark.bet]

It is the russian mountains

[Wesarind]

The sec announces at what time?

There is no fixed time. It can be any time during the working hours.

[spark.bet]

The sec announces at what time?

There is no fixed time. It can be any time during the working hours.

The SEC closed at 5 pm or 6 pm?

[spark.bet]

I dare not imagine the movement after the official announcement

[100stacks]

Sorry to burst your bubble but ETF will not be approved. All you need is some reading, educate yourself and you will find out why it's too risky at this stage. Better stack up on altcoins while you can.

[hv_]

I dare not imagine the movement after the official announcement

just fasten seat belt a bit

[Assman]

Poloniex had a huge swing in price spiking over 1360 but dropping back to around 1175. I'm not sure what's driving that but it could just be manipulation ahead of the ruling on the ETF.

So did coinbase

[aardvark15]

I dare not imagine the movement after the official announcement

just fasten seat belt a bit

The price is so sensitive right now, it's gonna be a big drop if not approved. The price to buy is anyone's guess at this point. I'm guessing under 1000.