At press time, the father of cryptocurrency has jumped to $ 6,700 – the highest it’s been in a while. This is about $ 200 “taller” than where it stood just 24 hours ago.
Many sources claim that the bitcoin market is beginning to show signs of maturing. The latest sign comes by way of the Security and Exchange Commission’s (SEC) rejection of roughly nine separate bitcoin ETF proposals. Strangely enough, bitcoin remained in the $ 6,400 range the entire time, and was largely unaffected by the news.
The SEC’s reasoning for the rejections is as follows: