Influence of SEC Decision on Bitcoin and Cryptocurrency Market - New Episode from CryptoBrothers

Published on 09 Aug. 2018

One week has passed, and we are publishing the next overview from our partners CryptoBrothers.

The central topic of today’s video is the decision of SEC (the US Securities and Exchange Commission) to postpone the verdict on the joint application from VanEck, SolidX, and CBOE to create an exchange fund ETF Bitcoin. The delay is a one-month minimum - until September 30. The announcement momentarily reflected on the Bitcoin price - it fell below $6500/BTC.

Crypto Brothers discuss the options of the further price movements and how it can influence the market in general. The authors will try to answer the question that worries many of us: will Bitcoin bounce from the support level of $5800 or break through this psychologically significant mark and fall further? And if the way down is inevitable, where’s the bottom?

Also, CryptoBrothers focus on some interesting ICO projects - Multivac, Harmony and ANKR Network in particular. As a bonus, the authors demonstrate a step-by-step instruction on how to invest in ICO by the example of Origo.Network.

Stay with CryptoBrothers and keep your finger on the pulse of cryptocurrency market.

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