‘s (BTCThe () price is in a downward trend since its Nov. 10 all-time high of $69,000, when the Labor report indicated that inflation was above 6.2% in the United States. The VanEck Bitcoin physical Bitcoin could benefit from this information, even though it is good news for other assets. Denial of exchange-traded funds (ETF).Investors were caught unawares by the U.S. Securities and Exchange Commission on Nov. 12.

The ETF request was denied as expected. However, investors might be concerned by some of the reasons. U.S. SEC stated that the regulator could not avoid denying ETF requests. Market manipulationThe unregulated market for Bitcoin and the large trading volumes based upon’s (USDT), stablecoins have had a significant impact on the wider Bitcoin market.