Bitcoin was trading at $7,891.2, falling 3.19% on the Bitfinex exchange, as of 8:28 AM ET (12:28 GMT).
The digital coin rose above $8,000 last week amid rumors that the U.S. Securities and Exchange Commission would approve an exchange traded fund. But the ETF proposed by Tyler and Cameron Winklevoss was rejected on Thursday because regulators said it would not be protected from manipulation.
The digital coin rose above $8,000 last week amid rumors that the U.S. Securities and Exchange Commission would approve an exchange traded fund. But the ETF proposed by Tyler and Cameron Winklevoss was rejected on Thursday because regulators said it would not be protected from manipulation.