On March 10 after the closing of the New York Stock Exchange, the Securities and Exchange Commission (SEC) rejected the rule change for the Bitcoin ETF due to regulatory concerns. Following the announcement, the price per bitcoin dropped to a low of US$1,020. The price has since rebounded to $1,180 mark at the time of writing.
“We expect a substantial decrease in volatility going forward, both in selling and buying BTC. Most of the run upwards from the $750 level was powered by rumors and speculation surrounding the Coin ETF,” Petar Zivkovski of Whaleclub told Bitcoin.com.
Read More Here: https://news.bitcoin.com/bitcoin-price- ... -etf-dive/
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