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The bitcoin price rebounded despite the alarming alarm on the cryptocurrency markets

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Bitcoin has risen beyond the $ 4,000 psychological mark dropping from $ 3,600 last week in the middle of a route that has canceled billions from the market capitalizations of the largest cryptocurrencies in the world-During the head of the US Securities and Exchange Commission (SEC) warning that a long-awaited bitcoin-listed fund is "unlikely" soon. & nbsp;

The price of bitcoin has added nearly 10% in the last 24 hours as investors and traders fight against a massive sell-off that has gripped the industry since bitcoin cash cryptocurrency has been involved in a civil war, resulting in a so-called hard fork that has split it into two separate digital tokens.

Bitcoin rebound has passed to most other major cryptocurrencies, including Ripple's XRP, Ethereum's ether and stellar lumens-All which have added around 5% in the last 24 hours.

Bitcoin investors have placed their hopes on a major rise in prices on institutional investments in the cryptocurrency sector. (Photo by Jaap Arriens / NurPhoto via Getty Images)Getty

A lack of investor protection was accused by SEC president Jay Clayton for endangering the possibility that his agency would approve a bitcoin ETF in the near future, adding to the fears that bitcoins can easily be stolen or manipulated in exchanges that have insufficient & nbsp;surveillance.

"What investors expect is that trading on that commodity that is at the base of the ETF is traded sensibly, is free of risk or significant risk of manipulation," Reportedly, Clayton told the Consensus Invest Conference in Manhattan. "This kind of guarantees do not exist in many of the markets where digital currencies are traded."

The SEC is currently evaluating whether to approve a request for bitcoin ETFs presented through the & nbsp; Board of Exchange of Chicago (CBOE) of & nbsp; VanEck based in New York and the SolidX blockchain platform, although hopes have been somewhat attenuated by the SEC that delayed its decision, now scheduled for the end of December.

If approved, a bitcoin ETF would mean that people are able to buy in bitcoins without having to contend with clandestine exchanges that often have to do with bulky regulations and lack of public trust.

The cryptocurrency sector has eagerly awaited a bitcoin ETF from the start of this year, with expectations of institutional involvement in the bitcoin market, helping to support the price throughout 2018. In recent months, fears have increased that traditional financial services companies can put their plans to offer bitcoin products waiting until global regulators have taken a position, bringing the price of bitcoins to exceed 80% from historic highs.

In August of this year, the SEC rejected nine applications for a bitcoin ETF.

The price of bitcoin has started to slow down in the last 24 hours after over a week of losses.CoinDesk

However, the New York Nasdaq exchange rate operator has now confirmed that it is going ahead with a plan to list future bitcoins, betting on the interest sustained for bitcoin despite the dramatic plunge of the cryptocurrency this year. It wants to allow bitcoin futures trading in the first quarter of 2019.

Many potential bitcoin investors are eager to know if & nbsp; bitcoin acts like a currency or security, asking the president of the SEC where he is.

"A resource like bitcoin, where it is designed to replace sovereign currencies, we have determined that it does not have the attributes of a security," Clayton said. "I'll leave the question about raw materials at the CFTC, and as far as I'm concerned, it's designed to be similar to the dollar, the yen, the euro, and it works like this: people who buy it expect it to work this way. . "

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Bitcoin surpassed the $ 4,000 psychological brand after falling to $ 3,600 last week amid a route that canceled billions from the market capitalizations of the world's largest cryptocurrencies– Also the head of the US Securities and Exchange Commission (SEC) warning that a highly anticipated bitcoin exchange fund is "unlikely" anytime soon.

The price of bitcoin has added almost 10% in the last 24 hours, while investors and traders fight against a massive sell-off that has gripped the sector since bitcoin cash cryptocurrency was involved in a civil war, resulting in a so-called hard fork it meant that it was divided into two separate digital tokens.

Bitcoin rebound has passed to most other major cryptocurrencies, including Ripple's XRP, Ethereum's ether and stellar lumens-All which have added around 5% in the last 24 hours.

Bitcoin investors have placed their hopes on a major price rally on institutional investments in the cryptocurrency sector. (Photo by Jaap Arriens / NurPhoto via Getty Images)Getty

A lack of investor protection was accused by SEC president Jay Clayton for endangering the possibility that his agency would approve a bitcoin ETF in the near future, adding to the fears that bitcoins can easily be stolen or manipulated in exchanges that they are not enough surveillance.

"What investors expect is that trading in the commodity that underlies the ETF is a meaningful trading, free from risk or significant risk of manipulation," Clayton told the Consensus Invest Conference of Manhattan. "These types of security measures do not exist in many of the markets where digital currencies are traded."

The SEC is currently considering whether to approve a bitcoin ETF request through the Chicago Board of Exchange (CBOE) from New York's VanEck and the SolidX blockchain platform, although hopes have been slightly dampened by the SEC which delays its decision, now scheduled for late December.

If approved, a bitcoin ETF would mean that people are able to buy in bitcoins without having to contend with clandestine exchanges that often have to do with bulky regulations and lack of public trust.

The cryptocurrency sector has eagerly awaited a bitcoin ETF from the start of this year, with expectations of institutional involvement in the bitcoin market, helping to support the price throughout 2018. In recent months, fears have increased that traditional financial services companies can put their plans to offer waiting bitcoin products until global regulators have taken a position, bringing the price of bitcoin to fall more than 80% from its historical highs.

In August of this year, the SEC rejected nine applications for a bitcoin ETF.

The price of bitcoin has started to slow down in the last 24 hours after over a week of losses.CoinDesk

However, Nasdaq, a New York exchange broker, has now confirmed that it is proceeding with a plan for the listing of future bitcoins, betting on the sustained interest in bitcoin despite the dramatic collapse of the cryptocurrency this year. It wants to allow bitcoin futures trading in the first quarter of 2019.

Many potential bitcoin investors are in the meantime eager to know if the bitcoin acts as a currency or a security, asking the president of the SEC where it is.

"A resource like bitcoin, where it is designed to replace sovereign currencies, we have determined that it does not have the attributes of a security," Clayton said. "I will leave the issue of raw materials to the CFTC: as far as I am concerned, it is designed to be similar to the dollar, the yen, the euro and it works like this. The people who buy it expect it to work that way. . "

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