Pre-ETF Decision Volatility: Over $200M in Liquidations as Bitcoin, Ethereum Crash Hard

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All eyes in the cryptocurrency community are set on the US Securities and Exchange Commission and its upcoming decision about VanEck’s Ethereum ETF application.

Bloomberg’s Eric Banchunas opined earlier that he expects the SEC will come up with its answer at around 4 pm today, which is in around six hours from now. Bitcoin was not sparred. The primary cryptocurrency challenged $70,000 today but saw little success. The subsequent rejection pushed it south hard to $67,600 minutes ago.

 

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