Following the SEC announcement delaying a decision on VanEck/SolidX hitting the wires last Tuesday, BTC lost market share. Nonetheless, Bitcoin has still fallen through the ever so important support at $6,800, which is a price level that Bart Smith of Susquehanna has mentioned on multiple occasions as a vital line of "defense" for Bitcoin technicals.
Hong Kong: The 2018 selloff in cryptocurrencies plumbed new depths on Wednesday after the US Securities and Exchange Commission dented enthusiasts' hopes for an exchange-traded fund backed by Bitcoin. Tom Lee even mentioned that the price drop experienced by Bitcoin recently is quite consistent with its history of corrections in the past.
Nonetheless, some analysts are viewing the recent decline as a retrace back to a consolidation price of $6,000 or below, which the digital currency breached on June 24.
Pogba scores as Man United beat Leicester in Premier League opener
Leicester have spent the past few weeks battling United, who tried to sign center-back Harry Maguire after the World Cup. Paul Pogba and Luke Shaw struck as Manchester United did enough to defeat Leicester City 2-1 on Friday.
Taliban fighters clash with security forces in key city
The Taliban attack came as Ghazni contemplated a cease-fire offer to mark the Muslim holiday of Eid al-Adha later this month. After a day of intense fighting, Afghan commandos and United States air strikes drove the group to the outskirts of the city.
Spider-Man Spin-Off Movie Silver And Black Has Been Scrapped
Prince-Blythewood will still be attached as producer to both films, but it doesn't appear like she'll be helming either. That "first step" for this SUMC will be decidedly less blood-soaked than you would have thought though.
In terms of valuation, the firm noted that it does not regard valuation as a "novel issue" for a futures-based bitcoin ETF given that it is already a norm to use futures to develop an investment profile in an asset. Part of this recovery has been thanks to some positive news for the world's largest cryptocurrency by market capitalization. Additionally, the top 20 cryptocurrencies by market cap have shown massive losses in the last day and a half, losing more than 14% of their value in that time. "The SEC is likely to delay until February of 2019 and the chances of a Bitcoin ETF approval in 2018 have always been low".
The United States Securities and Exchange Commission (SEC) has chose to delay the decision to approve a Bitcoin ETF until September 30, 2018. He said in his tweet that "I think there's too much emphasis on BTC/ETH/whatever ETFs, and not enough emphasis on making it easier for people to buy $5 to $100 in cryptocurrency via cards at corner stores". Both companies are now waiting for their ETF proposal to be approved by the agency.
When asked by CoinDesk about how he feels about the likelihood that his firm might have the green light to trade Bitcoin ETFs, Gabor Gurbacs said that he doesn't know an answer to this question. Although there has been much talk of late over the interoperability of this innovative coin with its adoption over several shopping platforms in Cyprus, amongst other countries, the price continues to tank.