Bitcoin Loses $7,000 Support After ETF Delay, Altcoins Suffer Large Losses

Bitcoin (BTC) prices broke below the $7,000 support level late August 7 to hit lows on Wednesday, August 8 not seen since mid-July, as 99 out of the 100 coins on CoinMarketCap see red.

The latest lows came hours after U.S. regulators announced they had extended a deadline for approving a Bitcoin exchange-traded fund (ETF) proposal from SolidX and VanEck.

 

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