Bitcoin Ripple Before SEC’s ETF Decision

The attention in the cryptocurrency market has turned to the SEC‘s decision on August 23 about the two Bitcoin ETF applications belonging to ProShares.

As it is known, last month the Winklevoss twins were awarded the SEC’s decision. His Bitcoin ETF application to e was rejected, and the CBOE’s application was postponed to a later date. After these news, the market was negatively affected and experienced serious decreases.

So much so that these negative news were a factor in many altcoins seeing their lowest levels in 2018.

The application made by ProShares other Unlike ETF applications, it was not designed on physical Bitcoin. However, the decision still seems to affect the cryptocurrency markets a lot.

The price fluctuated the day before the decision

Bitcoin price today, one day before the ETF decision It climbed to the levels of $ 6800, but again fell to the levels of $ 6400 with a sharp decrease during the day. Many people say that they will act according to the ETF decision in Bitcoin, which is currently traded at $ 6400. This shows that there are many who think that the ETF decision will be negative.

On the other hand, the 7 percent increase experienced today, when BitMEX, the world’s largest leveraged cryptocurrency exchange, went into full service, confused them.