Bitget App
Trade smarter
Matrixport: If the U.S. SEC rejects the Bitcoin spot ETF, Bitcoin will quickly drop by 20%
Bitget2024/01/03 10:55
According to a report by Matrixport, the SEC is expected to reject all proposals in January as none of them meet a key requirement. Currently, it's unlikely that the Democrat-led five-member SEC voting committee will approve Bitcoin spot ETFs, as this would legitimize Bitcoin as an alternative value storage method.
If the SEC refuses approval, there will be large-scale liquidation activities in the m arket and
Bitcoin prices could quickly drop by 20%. Even so, Matrixon Target still predicts that even if the SEC rejects ETFs, Bitcoin prices will still be higher than $42,000 at the end of 2024.
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
Altman denies rumors of OpenAI going public next year
Chaincatcher•2025/11/03 02:24
A certain whale went 20x long on SOL, with a position value exceeding $26 million.
Chaincatcher•2025/11/03 02:05
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$109,062.07
-0.83%
Ethereum
ETH
$3,809.3
-1.68%
Tether USDt
USDT
$1
+0.03%
XRP
XRP
$2.46
-1.62%
BNB
BNB
$1,063.42
-2.42%
Solana
SOL
$184.29
-0.53%
USDC
USDC
$0.9998
-0.01%
TRON
TRX
$0.2963
+0.06%
Dogecoin
DOGE
$0.1812
-2.72%
Cardano
ADA
$0.5904
-3.21%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now