Bitcoin price free falls almost 8% after the SEC delays the VanEck-SolidX ETF proposal, it is known that US SEC always takes it time and delay their answers as it is their right to do so, the hype after the VanEch-SolidX ETF proposal was big, not one of the biggest we have seen on crypto yet but it was big a enough to move Bitcoin almost $2k with its highest of last month at $8400.00.
US SEC can delay this ETF approval or negation for over 200 days and its aloud to do so, Eduardo A. Aleman, an assistant secretary at the SEC mention that The Comission has decided that it would be better for the decision to take a longer period so they can figure out exactly every aspect and risks of this proposal.
We will have to wait for SEC decision but after this news and Bitcoins recent free fall for sure we will visit the $6k mark again, it better hold if we don't want to see a $4k Bitcoin, this ETF proposal was the only thing that move the market, other positive news came out during that period but in my opinion all was cloud chasing.
Good luck
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