Bitcoin Loses $6,500 Support Level, After ETF (exchange-traded fund) Approval postponed.
Hello Dear Steemit Community,
Bitcoin price down below the $6,500 support on August 8,
99 out of the 100 coins on CoinMarketCap see red,
Here is the list of top 5 coin on coin market cap
(1)Bitcoin down by 9% approx
(2)Etherium down by 12%
(3)XRP down by 18%
(4)BTC Cash down by 16%
(5)EOS down by 21%
When i seen this m shocked,
i would like tell everyone who are panic in crypto,
cryptocurrency has very bright future, don't make your selling in panic
this market is not for panic people,
1000% profit and 100% loss is the rule of cryptomarket,
requesting everyone who are new in this crypto market,please first understand the market conditions and market behavior then invest.
Why Big Downfall??
Bitcoin prices continued rising throughout the last month,
Reaching highs of around $8,450,
Because everyone was expecting ETF approvel,
Thts the reason we had seen over $1,000 jump in two-day period ending on July,
But when U.S. regulators announced they had extended a deadline for approving a Bitcoin exchange-traded fund (ETF) proposal from SolidX and VanEck price of BTC started to down.
"ETF" IS NOT REJECTED ITIS JUST POSTPONDED
No one can stop Bitcoin, This is the future currency of wrold.