Gate 广场｜2/27 今日话题： #BTC能否重返7万美元？
🎁 带话题发帖，抽取 5 位锦鲤送出价值 2500 美元的仓位体验券！
Jane Street 被起诉后，持续多日的“10 点砸盘”疑似消失。比特币目前在 67,000 美元附近震荡，这波反弹能否顺势冲回 70,000 美元？
💬 本期热议：
1️⃣ 你认为诉讼与“10 点抛压”消失有关吗？市场操纵阻力是否减弱？
2️⃣ 冲击 $70K 的关键压力区在哪？
3️⃣ 你会在当前价位分批布局，还是等待放量突破再进场？
分享观点，瓜分好礼 👉️ https://www.gate.com/post
📅 2/27 16:00 - 3/1 12:00 ( UTC+8 )
Bitcoin Price Crashes Below $26,000 As SEC Pushes Back On 7 Spot ETF Filings
On August 29, flagship cryptocurrency Bitcoin soared to as high as $28,000 following Grayscale’s victory. However, it has now lost these gains as the US Securities and Exchange Commission (SEC) chose to delay its decisions on seven Spot ETF applications
Bitcoin Crashes Below $26,000
Bitcoin dropped by over 4% to $26,000 as the SEC extended the timeline to decide on the ETF applications of BlackRock, WisdomTree, Invesco, Fidelity, Valkyrie, VanEck, and Bitwise.
This price action contrasts with when the cryptocurrency had reacted positively to the news of Grayscale’s victory, with the US Court of Appeals ruling in favor of the asset manager against the Commission
Many had looked forward to the SEC’s decision in these ETF applications following Grayscale’s victory, hoping that the legal loss would have softened the regulator into approving these applications
However, Bloomberg ETF analyst Eric Balchunas had stated earlier that he would not be “surprised” if the SEC delayed these applications. According to him, these timelines may not matter as much as the SEC is still likely to “give in” at some point, and we will eventually see the approval of these applications
Following this extension, the SEC will have another 45 days to review these applications and choose whether to approve, deny, or delay its decision. The regulator also has a maximum of 240 days to decide whether or not to approve or disapprove these applications. However, it has several key deadlines in between.
BTC price falls below $26,000 following SEC decision | Source: BTCUSD on Tradingview.com
What’s Next For BTC?
Many have projected the approval of a Spot Bitcoin ETF as one of the key events that could spark a significant surge in Bitcoin’s price (as we saw how the market reacted following Grayscale’s victory). However, the SEC’s decision to delay these applications shows that it is not ready to back down just yet, and there could be continued resistance to approving a Spot Bitcoin ETF.
While the approval of a Spot Bitcoin ETF remains uncertain, Bitcoin may be hanging in the red throughout this month. According to historical data, September has always been known to be bearish for Bitcoin’s price as the digital asset has closed in the red most times at the end of September
Meanwhile, October seems more promising as there are major days to watch as Bloomberg analyst James Seyffart noted that the SEC’s next deadline for these ETF applications is in October Ethereum Futures ETFs are also expected to launch in October, which could be a major boost for the market.
Despite this, analysts aren’t hopeful of Bitcoin hitting any new highs this year, as one predicts that Bitcoin could consolidate between $25,000 and $32,000 for the remainder of this year.
Featured image from iStock, chart from Tradingview.com