Bitcoin and Ethereum Plummet Further, Market Sheds $60 Billion Over Past Week

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Bitcoin, currently ranked #1 by market cap, is down 6.33% over the past 24 hours. BTC has a market cap of $103.3B with a 24 hour volume of $4.97B.

Chart by CryptoCompare

Bitcoin is down 6.33% over the past 24 hours.

Earlier this month, the Securities and Exchange Commission (SEC) postponed Cboe Global Market’s Bitcoin ETF application decision until Sept. 30, 2018. The decision was considered a potential catalyst for institutional capital to enter the cryptocurrency sector. On Aug. 13, Bitcoin prices fell below multi-month lows and broke key support at $6000. CNBC’s Brian Kelly: ‘Don’t Sell Crypto After Bitcoin ETF Delay’ The CEO and founder of investment firm BKCM, Brian Kelly, appeared on CNBC’s Fast Money to share his expectations following the SEC’s recent delay of a Bitcoin ETF application. During the show, he said: “If you’re selling today after this decision, it’s the wrong way to do crypto