admin BITCOIN lost $100 on the day as the Securities and Exchange Commission reject several exchange-traded fund applications. Here are all the latest news and live updates.
Ethereum rose by 1.21 percent to trade at $288.60.
Ripple also increased by 0.39 percent to trade for $0.288578.
Litecoin saw small gains of 0.25 percent to trade for $55.74 a coin.
Continued uncertainty over the SEC’s decision to ratify any potential bitcoin ETF’s has caused the market to stall, with prices slowly dropping as each day passes.
Can bitcoin recover from the uncertainty? Find the latest news and live updates below – all times in BST.
9.30pm UPDATE: Germany gives boost to BTC by backing out of US financial system
Germany, Europe’s biggest economy, has called for an independent payment system free of the US, which experts have said is extremely positive for Bitcoin, according to CCN.
Throughout the past several months, Iran and Turkey were hit hard by US sanctions, excluded from the global financial system. The two countries have been unable to initiate transactions to other countries, restricted from utilizing the global banking system.
In response, Heiko Maas, German foreign minister serving in the fourth cabinet of Angela Merkel since March of this year, said: “For that reason it’s essential that we strengthen European autonomy by establishing payment channels that are independent of the US, creating a European Monetary Fund and building up an independent Swift system.”
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