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Bitcoin slides further as reports emerge to cast doubt on ETF licence

The noted fall below a support level at 44,735 has since extended in what can only be described as a savage move lower. The fall saw it slide to a low at 40,968 as a short while ago. Now according to some reports this move has come following in the know speculation; that the US SEC will not now approve the granting of a BTC ETF licence. I cannot confirm or deny that, but merely convert to you a possible reason for this sharp move lower. Bitcoin has rebounded off that low now, rising back to 42,500 a moment ago. However, the price action is rapid and extremely volatile. So, if you are involved then please act accordingly. Bitcoin is currently trading at 42,390

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