Current BTC price below 8K

[STT]

Thats the reason people give but really the ETF is just a side story.   For starters there is not just 1 ETF, this last mention is the most famously known ETF but also in any case its been rejected before.  This was just an appeal consideration so really quite unlikely.

So yea some bad publicity but not a real reason to sell.  Overall the dynamic is about buyers vs sellers and last year we had lots of bad news but rose anyway.  The China ban was a big one, I thought that'd be the top but it wasnt.

[checkmatesir]

The price has risen by $ 2,000 over the past week, and it fell by $ 500 yesterday "in reaction to ETF's news."
The news about ETF was not so bad and was limited[1] to a certain extent, so the effect was minimal.
If the rejection repeated in the middle of the next month, the downward trend would be substantial "to $ 5000."
The price now rebounds again at 7600 so all the rallies/dips in the next few days will be temporary.
[1] SEC Commissioner Supports Bitcoin ETF

Yes I am also expecting that ETF news are not going to effect the bitcoin price too much, I think that the current decreasing in bitcoin will be temporary. I think that most of the people are waiting for that news and hopefully very soon they will start investing money in bitcoin.

[ridertiger]

Man, it seems that bitcoin price is stabilized around 6000 USD, but I believe it will jump back up during the fall season.

[bintangkejoraku]

even the price is below 7k at the moment, precisely the price of bitcoin 6400. Bitcoin prices are back down after the SEC rejected some bitcoin ETF applications.

[websoftwareengineer]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

Etf is one of the reason why the market price is dropping since there are a lot of people who are expecting for etf to be accepted but it was rejected by the court instead.

[gabmen]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

Etf is one of the reason why the market price is dropping since there are a lot of people who are expecting for etf to be accepted but it was rejected by the court instead.

I don't a lot are expecting an approval though. Btc has even moved up to 6.7k after the latest etf rejection. I don't think people deem it necessary for now but of course an approval would likely be good news to many in september.

[noah tall]

Man, it seems that bitcoin price is stabilized around 6000 USD, but I believe it will jump back up during the fall season.

The funny thing is that we have heard so many people complain about the value of bitcoin throughout last year as it is overpriced and now that we had a correction, some are still complaining it is going down hugely. Well, I guess we will never stop hearing complaints about the market anyway.
The market is still very bullish in the long term even it is being traded below $7000 and I am sure there is a huge possibility of seeing it huge, but for now, this is the time to gulp this dips like never before as they may never come again.

[mia khalifa]

I think that's because there is news from the ETF and because there are also other bad news that finally makes many traders panic so that the bitcoin prices tend to fall and often collapse.

[fabiorem]

I'm unsure about the current prices. The highs are getting lower at each swing, which means we can hit $2k in December or January. This would mean a bear market spamming three to four years, enough to push even long-term holders to despair.

Also, there's the Bitmain threat. They can dump thousands of bitcoins to cover their expenses, a disaster for insisting in a failed project, which should already be forgotten.

[ridertiger]

I am hopeful as we see more and more positive sentiments. I think october ETFs will be ok by CBOE. If not, its fine, the market is very flexible.

[R9s]

I think this is a good time to buy now, but it is undeniable that Bitcoin is really affected by the ETF, but I don't think this effect will last too long!

[Sarcasm]

I am hopeful as we see more and more positive sentiments. I think october ETFs will be ok by CBOE. If not, its fine, the market is very flexible.

I was predicted by many analyst that in the beginning of August the Sec will regularize bitcoins with the Etf and it seems it failure led to the confidence traders had about bitcoins. This is possible the cause of bitcoins reducing sharply recently.

[phpartisanmaster]

Why bitcoin price keeps going down these days? Is it just the ETF rejection of Vinklevoss twins?

In my own opinion, there are people who are expecting ETF and they though that bitcoins will continue to dump if etf will not be approved that is the reason why the prices are decreasing right now.

[rockyfeller]

This is very dissapointing. The government is manipulating the market. Price are good to buy but not for selling advices. If we could reach 8k then that's the time for us to celebrate coz cryptos are mooning soon.

[zazarb]

I think this is a good time to buy now, but it is undeniable that Bitcoin is really affected by the ETF, but I don't think this effect will last too long!

Perfect time to buy Bitcoin was before 2 week, then price was around 6000$ dollars. Now of course no bad time to buy too, so in one way or another, to earn money, you need to buy as soon as you can

[bitcoin31]

We cannot real determine why bitcoin is still decreasing , but Im sure the reason is the panic selling and other reason I think is other. But I hope the following event or anything cannot harm bitcoin but it can help to bitcoin to pump again.

[G2z_Riya]

Expect the $8k before the end of the ongoing month. The price of bitcoin has been under hard prediction for a long with the price to be reached as $10000. To the prediction the growth has now turned to be bullish after a long time gap which is much long compared to the predictions from experts.

[magisterr]

I think this is a good time to buy now, but it is undeniable that Bitcoin is really affected by the ETF, but I don't think this effect will last too long!

Perfect time to buy Bitcoin was before 2 week, then price was around 6000$ dollars. Now of course no bad time to buy too, so in one way or another, to earn money, you need to buy as soon as you can

Now is a good time to buy. We can see that market started recovery and up-trend. So buy crypto now is almost without any risk.

[Soots]

I think this is a good time to buy now, but it is undeniable that Bitcoin is really affected by the ETF, but I don't think this effect will last too long!

Perfect time to buy Bitcoin was before 2 week, then price was around 6000$ dollars. Now of course no bad time to buy too, so in one way or another, to earn money, you need to buy as soon as you can

Now is a good time to buy. We can see that market started recovery and up-trend. So buy crypto now is almost without any risk.

Yes, this is our best opportunity to buy at a lower price in the market because after this fluctuations we'll be going to the fast increasing price. Pumping price will be coming in our way, so grab this chance now. Bull run we be taking over and panic buyers will begin rushing their hands to buy.

[Morgann]

I think this is a good time to buy now, but it is undeniable that Bitcoin is really affected by the ETF, but I don't think this effect will last too long!

The market prices are still down today and that is the reason why you should invest even more in order to earn more profit when the market prices goes back to normal.