MicroStrategy Buys More BTC but Bitcoin Wobbles Around $30K Amid SEC-ETF Rejection Rumors: This Week's Crypto Recap
BCH is the undesputed top performer within the top 100 crypto assets for the past week, following a triple-digit price surge....
- Bitcoin Cash (BCH) has been the top performer among the top 100 crypto assets in the past week, with a triple-digit price surge.
- Several multinational financial giants, including BlackRock, filed for a Bitcoin Spot ETF, causing BTC's price to skyrocket.
- However, a Wall Street Journal report suggests that the SEC found the recent filings "inadequate," leading to speculation of possible rejection.
- BTC experienced a sharp price dump of $1,500 in response to the news, erasing all of its weekly gains.
- Altcoins like ETC, SOL, Aave, XLM, and Bitcoin SV have seen notable price increases, but Bitcoin Cash stands out the most with a 110% surge on a weekly scale.
The sentiment of the article is mixed. It starts with BCH being the top performer and the market rejoicing over Bitcoin Spot ETF filings. However, the sentiment turns negative with the report of the SEC finding the filings "inadequate" and BTC experiencing a price dump.