Crypto Markets Collapse after the delay of the Bitcoin SEC ETF

After solid growth to over $ 7,000 today, Bitcoin (BTC) saw a loss of around $ 500 in six hours. At the time of printing, all the top ten cryptocurrencies other than Tether (USDT) are in red, according to Coin360.

  Market Display by Coin360

Market Display by Coin360

BTC is trading around $ 6,598 at the time of printing, down 5.29% on the last day and bringing a new weekly minimum. decline follows today's news that the US Securities and Exchange Commission (SEC) postponed its decision on the listing and trading of a fund traded on the Bitcoin exchange (ETF) at the end of September.

  Bitcoin 24-hour price chart. Cointelegraph Bitcoin Price Index

Bitcoin 24-hour price chart. Source: Cointelegraph Price Index

Ethereum (ETH) is collapsing, having lost about 6.64% in the last 24 hours. The second largest cryptocurrency is trading at $ 377 at the time of the press, also affecting a new weekly minimum. During the month, the ETH price fell 23 percent.

  The Ethereum 7-day price chart. Source: Cointelegraph Ethereum Price Index "src =" https://s3.cointelegraph.com/storage/uploads/view/62ed71ed30a19ad496647e5ff7b53632.jpg "title =" The Ethereum 7-day price chart. Source: Cointelegraph's Ethereum Price Index "/> </p>
<p dir= Ethereum's 7-Day Price Chart Source: Cointelegraph's Ethereum Price Index

The ten best altcoins are solidly red, going from about 4% to 12%. , IOTA and Ripple (XRP) show the most significant losses, respectively down by 8.52 and 11.46%, followed by Litecoin (LTC) with a loss of 8.5% on the day.

Among the top twenty coins by market capitalization, Ethereum Classic (ETC) was the hardest, losing more than 13% in the last 24 hours and trading at $ 17.02 at the time of printing Today, August 7, Coinbase cryptographic exchange added ETC support on its Coinbase Pro platform. Yesterday, free crypto-trading platform commission Robinhood also listed ETC.

  Ethereum Classic's 1-day price chart Source: CoinMarketCap

The 1-day price table of Ethereum Cl assic. Source: CoinMarketCap

The total market capitalization of all cryptocurrencies is $ 236.7 billion at the time of printing, down by nearly $ 15 billion over the 24-hour period.

  1 Day's chart of total market capitalization of all CoinMarketCap cryptocurrencies

1 day chart of total market capitalization of all cryptocurrencies from CoinMarketCap

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