Why is the crypto market down at the moment?

Value motion throughout the crypto market stays tilted to the draw back as traders and cash managers start to digest the potential fallout if the US Securities and Change Fee chooses to delay the present spot (BTC) exchange-traded fund (ETF) functions on Nov. 17.

Market sentiment boomed because of optimism a couple of potential spot Bitcoin ETF approval taking place in November. The euphoria helped to ship Bitcoin worth to an 18-month excessive above $38,000. Nonetheless, the euphoria appears to be easing, with BTC worth dropping practically 2% for the week of Nov. 17.

Proceed Studying on Cointelegraph