On Nov. 12, bears invaded to take the lead after learning that VanEck was being rejected by the United States Securities and Exchange Commission.BTCThe application for an exchange-traded funds (ETFs) made waves in the crypto world and dissipated the bullish momentum which had been growing throughout the week.

Although many people had high hopes for Bitcoin’s rise to that coveted $100,000.00 mark, others expected its defeat, like Eric Balchunas from Bloomberg, a senior ETF analyst. Approval of VanEck Fund at less than 1 %.