Breaking News: Bitcoin ETF was officially rejected, BTC plummeted 10%

At around 5 a.m. Beijing time on March 11, the U.S. Securities and Exchange Commission (SEC) officially released a report stating that it had rejected the Winklevoss brothers’ Bitcoin ETF.

Influenced by the news, Bitcoin price plunged, with the US price falling from $1,280 to below $1,000, a drop of 20%. The transaction price on domestic platforms also fell by about 800 yuan.

SEC official document: https://www.sec.gov/rules/sro/batsbzx/2017/34-80206.pdf

Bit Times will continue to pay attention and bring you follow-up reports.

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