Daily crypto: Bitcoin under $8,000 after Winklevoss twins ETF application got rejected

U.S. Securities and Exchange Commission is now reviewing several applications for crypto ETFs. Recently, SEC announced that they will postpone their decision regarding the application from the fund company Direxion until 21 September.

However, SEC has now announced its decision regarding an application for a bitcoin ETF from the investors Cameron and Tyler Winklevoss. For the second time, SEC rejects their application, Coindesk reports.

It has been speculated that the rise in the crypto markets recently has been due to positive expectations of the decisions from SEC regarding the ETFs. But after the rejection on the Winklevoss twins’ application, the bitcoin price dropped – from almost $8,300 to under $8,000.

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Red numbers

The numbers for the biggest cryptocurrencies have been glowing with red during the last 24 hours. The ones which went down the most were eos (-5,10%), bitcoin cash (-4,63%), bitcoin (-3,28%) and ethereum (-3,35%).

The ones which performed the best on top 100 were vechain (+24,84%) och bibox token (+5,81%), and the ones which performed the worst were bitcoin private (-12,16%) and iost (-11,39%), according to Coinmarketcap.

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