The Securities and Exchanges Commission decided to reject the first US bitcoin ETF. Prices initially crashed on the decision but quickly recovered. Litecoin fell on the ETF decision as well but it later recovered all losses.

SEC Rejects Bitcoin ETF

The US Securities and Exchanges Commission decided to reject a rule change that would permit the listing of the first US bitcoin ETF. Prices initially crashed by over $200, from $1246 to a low of $1,040 on FXOpen. Other exchanges saw similar 20% declines. Read more: https://blog.fxopen.com/sec-rejects-bitcoin-etf/