On the night of Tuesday to Wednesday, August 22, the price of bitcoin increased by more than $300 within one minute, breaking the $6,700 mark. It happened practically at the same time as the crypto trading platform Bitmex went off for technical reasons. At the same time, the crypto market is still waiting for the U.S. Securities and Exchange Commission (SEC) meeting, which will take place tomorrow. The commission will discuss the launch of Bitcoin-ETF from ProShares.
At 09:00 (GMT + 1) the average rate of the first cryptocurrency is $ 6,670.41 (+ 3.46%), and the capitalization has reached $115 billion. Internet users pay attention to the fact that the bitcoin price has skyrocketed simultaneously with how BitMEX started technical work.
The platform confirmed there were difficulties accessing the site and blamed a major DDos-attack, which was the reason many users had problems logging into accounts. BitMEX exchange offers traders an opportunity to play a lowering rate of bitcoin and other cryptocurrencies.
WHY IS IT IMPORTANT?
- It is worth mentioning that the day before the volume of short positions on bitcoin on the Bitfinex exchange at some point was only 3% below the historic maximum.
- Also on Thursday, August 23, the US Securities and Exchange Commission will consider the launch of bitcoin-ETF on the New York Stock Exchange (NYSE) from ProShares. The company sent the first application for the launch of bitcoin-ETF in September of last year. Then ProShares acknowledged that the market was not yet ready for this investment tool. In the spring of 2018, information appeared that the SEC began to study proposals for bitcoin-ETF and short bitcoin-ETF from ProShares.
- At the moment, the Securities and Exchange Commission has not approved any such application. The Office rejected the application of the Winklevoss brothers and postponed the decision on VanEck and SolidX bitcoin-ETF. The value of the cryptocurrency decreased after each negative decision of the watchdog.