NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Bitcoin ETF Rejection Reinforces Faith in Cryptocurrency

Gautham
Gautham
4 years ago
2 mins read
bitcoin price, etf, japan, china

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Bitcoin ETF easily qualifies as one of the “buzzwords” of 2017. The much-awaited SEC ruling on Bitcoin ETF left many people disappointed after the regulatory body weighed against it. However, the incident has also presented Bitcoin in a new light.

Bitcoin price is known for its volatility due to various influencing factors. These external factors fuel speculation, driving demand against supply. As the cryptocurrency matures, the room for speculating is gradually reducing, and need-based demand has taken over the driving seat, influencing Bitcoin price.

The renewed interest among investors in light of the potential approval of Bitcoin ETF by the SEC was considered to be the reason behind increasing demand in the recent days. It was also predicted that the failure of ETF approval would lead to a massive drop in demand, driving the digital currency’s price down by hundreds of dollars. When the SEC announced its decision, people were expecting the cryptocurrency market to face a huge shock which might take a while to recover.

These speculations partially came true. Bitcoin’s price following the SEC announcement fell by close to $200. But surprisingly, the digital currency price recovered soon after to reach close to the earlier held levels. The quick bounce-back wasn’t expected by many people, just like the time when the Chinese government cracked down on the country’s Bitcoin platforms. The effects of external factors on Bitcoin price has reduced drastically in the past few months, showing resiliency.

These two examples — Chinese market volumes and Bitcoin ETF, were both expected to have a long-term effect on the digital currency. But thanks to the active community, effects were negligible, which has, in turn, increased the credibility of Bitcoin. The cryptocurrency has proved to be more stable than ever, giving it a chance to grab the “mainstream currency” title.

The failure of SEC to approve Bitcoin ETF may have proven to be more beneficial for Bitcoin than expected. The cryptocurrency has gained the faith of people, irrespective of whether they are part of the Bitcoin community or not. It will help Bitcoin further expand its community and emerge stronger than ever. Eventually, it will also influence regulatory agencies to approve the use of Bitcoin like any other currency.

Ref: CNBC | Image: NewsBTC
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Strategy Grabs Another $472M In Bitcoin—Even With Price At ATH

Bitcoin has been exploring new all-time highs (ATHs) recently, but Strategy still seems to be in accumulation mode as it...

Keshav Verma 2 hours ago
memecoins, crypto, trump, memecoin

Top Crypto Exchanges Made $172 Million From TRUMP Memecoin Listing – Report

A recent report has found that US President Donald Trump’s official memecoin, TRUMP, had a faster listing process on crypto...

Rubmar Garcia 4 hours ago
Spot Volume Drop on Binance Preceded Bitcoin’s Price Surge, Data Shows

Spot Volume Drop on Binance Preceded Bitcoin’s Price Surge, Data Shows

Bitcoin surged to a new all-time high above $123,000 earlier today after crossing the $120,000 threshold late Sunday night. The...

Samuel Edyme 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Coinbase

Coinbase: A Surprising Champion Of The Trump Trade, Eyes New Stock Records

Ronaldo Marquez 14 minutes ago

Vaļi ir atgriezušies mēmu monētās pēc Bitcoin jaunā visu laiku augstākā līmeņa – Telegram bots mēmu monētu meklēšanai

lasma 1 hour ago
Ethereum Price Drops After Bullish Attempt

Ethereum Shorts Reach Record Levels, How To Stay Positioned For A Breakout

Scott Matherson 1 hour ago

Premium Sponsors

Press Releases

  • Memecoins sao ativos inspirados na cultura digital

    Floki, SPX, Bonk Tăng 10% Giữa Cơn Sốt Meme Coin –...

    14 minutes ago
  • Tieto 3 coiny pod 1 $ môžu premeniť investíciu 200 $ na 2 milióny do roku 2027.

    Tieto 3 coiny pod 1 $ môžu premeniť investíciu 200 $ na...

    19 minutes ago
  • BTC Vượt $120K – Các Đồng Coin Tiềm Năng Nào...

    32 minutes ago
  • 3 alt coin dưới $1 có thể biến $200 thành $2...

    42 minutes ago
  • MEXC Announces T3RN (TRN) Launchpool Event with 190,000 TRN...

    45 minutes ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.