I belive it was one of the triggers that caused this dump.
If there is no market dump reaction during the latest rejection this year then how much more if it was just postponed? I believed that there is still no dump reaction even it will be rejected again but i want to see the market reaction if it will be accepted by the SEC that it might trigger the bullish run.
the important impact of delays is short-term market uncertainty, speculators don't dare to raise sentiments and continue to play safe, procrastination is a bad strategy and far less clear in determining things that fluctuate, especially in a short period of time. prices will continue to fall if this continues in the same decision.