Bitcoin and Altcoins Volatility: SEC Decision Delays Bitcoin ETF Applications
Bitcoin and most altcoins experienced a price drop after the SEC decided to delay the decision on Bitcoin ETF applications. The recent volatility in BTC has been influenced by news related to Bitcoin ETFs. Bloomberg analysts have increased the possibility of a spot Bitcoin ETF approval from 65% to 75%. September historically favors bears, with negative returns for Bitcoin. The decline in Bitcoin is also impacting major altcoins such as EtherEther (ETH) is used to pay for computation and token swaps on Ethereum. Users "fuel" smart contracts and DApps with ETH., BNB, XRP, Cardano, Dogecoin, Solana, Toncoin, Polkadot, and Polygon. The price analysis of these cryptocurrencies indicates the potential for further decline or a bounce back.
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