Bitcoin falls on fears of rejection of ETFs by the SEC







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(Boursier.com) — Bitcoin fell 7% over one hour, back to $42,000 after reaching a 21-month high of $45,000. ETH for its part lost 8% in just one hour, XRP 12% and Dogecoin 11%. Litecoin drops 13%… The main cryptocurrencies are therefore taking a hit, while operators fear a rejection of spot Bitcoin ETFs by the American financial markets authority, the Securities & Exchange Commission. A report from crypto financial services platform Matrixport supports this theory, ruling that the SEC should therefore refuse to approve such ETFs in January. A potential final approval would not come before the second quarter…

“If this is a real big surprise for the market, it’s not for me. Gary Gensler (editor’s note: head of the SEC) hates cryptos, just like the person he actually reports to, Elizabeth Warren ( senator from Massachusetts)”, mocks Charles Gasparino of the FOX Business Network on the social network X, ex-Twitter.

Note also that Jim Cramer, host of CNBC and undoubtedly the biggest “black cat” on Wall Street, declared yesterday while Bitcoin was boasting about $45,000: “Bitcoin cannot be killed and is here to stay”.


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