-
Bitcoin Rallies After 10% Price Plunge
Bitcoin prices are rallying firmly today with the market having now recovered more than 50% of yesterday’s 10% price plunge. The sharp downturn came in response to a report circulating online claiming that the SEC would likely turn down current spot-Bitcoin ETF applications. Produced by Matrixport, a crypto financial services platform, the report claimed that current applications fell short of meeting crucial criteria needed to secure approval. Additionally. The report also claimed that the SEC chairman, Gensler was a key opponent of crypto, pushing for further compliance in the crypto industry. As per comments as ... (full story)