The Horror Movies | Adult Movies Onlineprices of Bitcoin, Ethereum and all other major cryptocurrencies are sharply down Wednesday following an announcement by the U.S. Security and Exchange Commission (SEC) that it will postpone the decision on approving what would be the first-ever Bitcoin ETF.
The SEC, which recently rejected a proposal by Tyler and Cameron Winklevoss to launch a Bitcoin ETF, now has to approve or disprove another similar proposal, issued by the VanEck SolidX Bitcoin Trust. But the regulator has extended the deadline in which it must reach a decision to September 30, 2018.
SEE ALSO: Winklevoss twins' Bitcoin ETF got rejected a second time, but...A document posted by the SEC Tuesday says it has received more than 1,300 comments on this proposal; the regulator found it "appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change."
In July, the SEC extended the deadline for deciding on Direxion's Bitcoin ETF proposal to September 21, with similar reasoning.
These delays aren't overly negative for Bitcoin; in fact, given that one SEC commissioner dissented from the regulator's decision to reject the Winklevoss brothers' proposal for a Bitcoin ETF, the fact that the SEC needs more time to make a decision on another proposal might be a positive sign for Bitcoin proponents.
Original image has been replaced. Credit: Mashable However, it appears that anything resembling bad news can send the crypto market plummeting these days. Shortly following the announcement, the price of Bitcoin dropped by more than 6% and is currently trading at $6,580. Ethereum, the second largest cryptocurrency by market cap, fared even worse, having dropped by more than 8% at one point. It's currently trading at $375, its lowest level since April. Ripple, Bitcoin Cash and EOS -- the third, fourth and fifth largest coins by market cap -- have all dropped more than ten percent in the past 24 hours.
Original image has been replaced. Credit: Mashable The market capitalization of the entire cryptocurrency market is also sharply down at the time of writing. At $230 billion, it's at its lowest point since November 2017.
Despite short periods of optimism here and there, the prices of Bitcoin, Ethereum and most other major cryptocurrencies have been on the decline since their January highs, when the total crypto market cap was over $800 billion. The launch of a Bitcoin ETF would likely be a big boost for Bitcoin and other coins, as it would open the doors to institutional investors to invest in the crypto market.
Disclosure: The author of this text owns, or has recently owned, a number of cryptocurrencies, including BTC and ETH.
Topics Bitcoin Cryptocurrency
Previous：Contingent No More
Next：Time to Unite
The Sound and the “Furious”
Trying to Inject Meaning Into the Daily Grind
Where Does “In Like a Lion, Out Like a Lamb” Originate?
Need the Right Description? Let the Mustache Be Your Guide
Google Pixel Buds Pro 2: $40 off at Amazon
Leave Your Comfort Zone with Joseph Mitchell & Jonny Greenwood
Where Does “In Like a Lion, Out Like a Lamb” Originate?
Roz Chast’s Vibrant Painted Eggs
Best iPad deal: Save $132 on Apple iPad (10th Gen)
Can a Novel’s Plot Be Reduced to Data Points?
Astronomers saw one galaxy impale another. The damage was an eye
Need the Right Description? Let the Mustache Be Your Guide
Yoshihiro Tatsumi’s Tokyo Noir
In Alec Soth's New Photographs, a Fresh Take on Public Space
Q&A with tendercare founder and CEO Shauna Sweeney
Solitude Is the Hardest Thing to Find
Staff Picks: Silvina Ocampo, Gary Shteyngart, Brian Turner
Herman Melville, Master of the Literary Hoax
Hidden Siri Commands and Unusual Responses
We’re Starting a Book Club. Read Along!
Best free online courses from MITSamsung Galaxy reserve deal: Get a $50 credit, big tradeWordle today: The answer and hints for January 7, 2025Everything Alienware announced at CES 2025Qualcomm has unveiled the new, budgetSamsung HWCES 2025: How to buy Birdfy Bath ProToronto Raptors vs. New York Knicks 2025 livestream: Watch NBA onlineCES 2025: We hopped into Xpeng Aero HT's 'flying car'Collins vs. Jabeur 2025 livestream: Watch Adelaide International for freeAcer's new Nitro Blaze handheld gaming devices have bigger screens than beforeGet the Soundcore by Anker Q20i headphones for just $40CES 2025: We hopped into Xpeng Aero HT's 'flying car'Best Samsung TV deal: Save $310 on Samsung 75Hands on with Lenovo's 'rollable' display laptop at CES 2025CES 2025: From Nvidia to a 'flying car', here’s everything we knowBest Apple Airtag deal: Save $30 on Apple AirtagsGarmin Connect experienced a major outage on Wednesday morningBoston Celtics vs. Denver Nuggets 2025 livestream: Watch NBA onlineBest Apple Airtag deal: Save $30 on Apple Airtags Truman Capote Manuscript Is Discovered, and Other News by Sadie Stein I Sent My Book to David Foster Wallace and All I Got Was This Lousy Postcard by Sadie Stein New York, Not Too Long Ago by Stephanie LaCava The Sporting Life by Sadie Stein Animated Discussion by Sadie Stein Star Tracks: Or, a Trip to the LSATs by Kate Levin Happy Dagur Islenskrar Tungu! by Sadie Stein Steampunks and K Dallas, Part 2: Up Close by Edward McPherson The Other Election by Casey N. Cep Falling Hard by Anna Wiener To Be or Not to Be? And Other News by Sadie Stein The Word of the Year, and Other News by Sadie Stein Stephen King: The Musical, and Other News by Sadie Stein Bookstores Take a Beating, and Other News by Sadie Stein Secret Doctrines by Ezra Glinter Your Holiday Gift Dilemma: Solved! by The Paris Review Walker Percy's Hurricane by Spencer Woodman On This Day by Sadie Stein Defiance: A Literary Benefit to Rebuild Red Hook by Sadie Stein
2.324s , 10132.3828125 kb
Copyright © 2025 Powered by 【Horror Movies | Adult Movies Online】,Wisdom Convergence Information Network