A report claiming that the SEC "will reject" the spot Bitcoin ETF is not what is behind the BTC price crash below $42,000, one lawyer says.
Bitcoin (BTC) did not crash by $4,000 in hours because of panic over United States regulators rejecting the spot exchange-traded fund (ETF).
That is the opinion of popular commentators after flash BTC price weakness sparked half a billion dollars of crypto long liquidations.
Coming at a conspicuous time for Bitcoin, which celebrates its fifteenth birthday on Jan. 3, the latest snap BTC price downside took the market down almost 9%, data from Cointelegraph Markets Pro and TradingView confirms.
