Over the past 24 hours, the crypto market has dropped slightly in value, led by the 4 percent decline in the Bitcoin price. Ethereum, Ripple, and Bitcoin Cash fell by 5 percent.

The majority of analysts in the space have attributed the recent fall in the Bitcoin price to the rejection of several Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC).

https://www.ccn.com/market-overreaction-bitcoin-price-drops-4-as-more-etfs-get-rejected/