Today news
About the same in other media
Markets rally after FOMC meeting, but Bitcoin bears still have a short-term advantage
Reading now: 125
Bitcoin's (BTC) price has been in a down-trend since the $69,000 all-time high on Nov. 10, when the the Labor report showed inflation pushing above 6.2% in the United States. While this news could be beneficial for non-inflationary assets, the VanEck physical Bitcoin exchange-traded fund (ETF) denial by the U.S. Securities and Exchange Commission (SEC) on Nov. 12 threw some investors off-guard.
While the ETF request denial was generally expected, the reasons given by the regulator may be worrisome for some investors. The U.S. SEC cited the inability to avoid market manipulation on the broader Bitcoin market due to unregulated exchanges and heavy trading volume based on Tether's (USDT) stablecoin.
Analyzing the broader market structure is
Read more on cointelegraph.comAbout this in other media
Ethereum ETFs Struggle in Europe, but See Rising Volumes in Canada cryptonews.com /3 years ago
‘They are fed up’: US labor organizing rises in 2021 after decades of decline theguardian.com /3 years ago
Crypto regulation is coming, but Bitcoin traders are still buying the dip cointelegraph.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
