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Spot
Trade crypto freely
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Points
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Margin
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Convert & Block Trading
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Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
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Demo Trading
Futures Kickoff
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Futures Events
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Demo Trading
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Investment
Simple Earn
VIP
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Quant Fund
VIP
Top asset management team helps you profit without hassle
Crypto Loan
0 Fees
Pledge one crypto to borrow another
Lending Center
One-Stop Lending Hub
VIP Wealth Hub
New
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
Staking
Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
New
Use USDT/USDC to mint GUSD for treasury-level yields
Soft Staking
Earn rewards with flexible staking
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Why did Bitcoin plummet? The market took this analysis seriously
Adam Button, an analyst at the financial website Forexlive, said that a report from Financial Service company Matrixport is circulating in the market, reporting that the US Securities and Exchange Commission (SEC) will refuse to approve BitcoinSpot ETF this month, and the author is its research director Marcus Tillen. The report was apparently speculation, but it was presented as if it were a true report and that the analysis had some basis. The basis for the report is that the SEC's approval process is "Democratic-led" and that "SEC Chairman Gensler does not accept Crypto Assets" and therefore expects him to approve Spot ETFs "very slim." Button sees Bitcoin ETFs as a "sell fact" trade, but as we continue to await approval, there is an opportunity to "buy in rumors" in this decline. But any market that Fluctuation of 6% as a result of such reporting is just one step away from a 20% decline.