Technical Indicator for Bitcoin Looks Solid After ETF Rejection

This article was originally published on ETFTrends.com.

After the close of U.S. markets Wednesday, the Securities and Exchange Commission (SEC) rejected nine applications for bitcoin exchange traded funds from three issuers.  The SEC’s Division of Trading and Markets rejected applications from investment firms ProShares, Direxion and GraniteShares. While the largest cryptocurrency by market capitalization immediately sold off on the news, buyers stepped [...]

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