😤 again the Bitcoin in red numbers! Why? 😭

in #bitcoin6 years ago (edited)


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I've had some time without talking about Cryptocoins, this is because something of great transcendence had not happened. Even though the values of this week surpassed the value of the $7,000; Although it was known that it was not permanent, since it was based on the hope of confirmation of the ETF by the SEC. The fall was greater than $500 in less than 6 hours.

But what is the ETF and the SEC?

The SEC is the United States Securities and Exchange Commission and the ETF deals with a quotation and trade proposal for a quoted Bitcoin fund. It was planned to take the decision on this issue this week but it was postponed by the end of September. This in my opinion would be very positive for the prices to be accepted for the Bitcoin and the rest of Cryptocoins.

Knowing this the other cryptocoins like ETH, IOTA, XRP and LTC are experiencing low prices, affecting even the STEEM and SBD. The rates of loss of them range from 4% to 13%. The biggest loss you have experienced is (ETC) with a 13% drop, leaving it at a value at the time of $17.02.

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