SEC delayed Bitcoin ETF (expected)
Previous statement is on 2nd july on which they stated we hear bitcoin ETF's within 45 days means up to 16 august.
Resulting BTC dump of $700 from $7100 to $6400 within a period of 10 Hrs.
5 commissioners are given responsibility to decide on Bitcoin ETF's in which One commissioner, Hester Peirce, dissented from that decision

The pump of bitcoin from $6100 to $8400 from 12 july to 25th july was just fomo arises in people that SEC will give positive favour to bitcoin. When multiple fud arises that ETF will not be heard on August it crashes on 26th july resulting loss of $2000 in bitcoin just in 2 weeks.
People makes in their mind that without ETF's their is no bullrun. So sooner or later we need ETF's to pull the market in right directions.