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This week, the price of Bitcoin (BTC) approached the $36000 mark, but then suddenly reversed and corrected to around $34250. After rising nearly 30% in the past month, as some traders take profits and market participants evaluate whether the catalyst for the rebound is still effective, prices will naturally cool down

From midnight yesterday to early morning this morning (1st), Bitcoin suddenly fell below $26000 and fell back to the starting point on August 29th overnight. What happened?Why did Bitcoin plummet? SEC Delays Review of 7 Spot ETFsWhat happened when Bitcoin suddenly fell below $26000?Why did Bitcoin suddenly plummet? Many foreign media outlets generally believe that it is related to the US Securities and Exchange Commission's decision last night to postpone the review of 7 counterfeit Bitcoin spot ETFs, including the application of fund giants such as BlackRock, Fidelity, and Invesco, which will be postponed until October to decide whether to pass

In recent days, Bitcoin has shown signs of potential reversal, showing a daily rise for three consecutive days.The last time this pattern was observed was between early July and mid to late June, when Bitcoin rose from slightly below $25000 to over $31000