Bitcoin has fallen sharply amid negative news in the crypto industry

Yesterday, October 24, in just 30 minutes, the price of the flagship cryptocurrency BTC $93,504.25 Bitcoin -2.52% Market capitalization $1.85 trillion VOL. 24 hours $2.97 billion dropped sharply from $ 34,500 to $ 33,250. The reason is that the data on the BlackRock iShares spot ETF-BTC was removed from the website of the Depository Trust & Clearing Corporation (DTCC). Analysts said that the U.S. Securities and Exchange Commission (SEC) probably contacted the organization’s management and «asked them to wait.»

As a reminder, yesterday the website of the Depository Trust & Clearing Corporation (DTCC), a US clearing and settlement company that provides services in the financial market, published information about a future bitcoin ETF fund. It was assumed that BlackRock was preparing to launch its product this month.

In this regard, the value of the flagship cryptocurrency dropped. At its peak, BTC was trading at $ 35,100. Later, however, the value of the virtual coin dropped to $ 34,500 and remained near this level. After the news of the disappearance of information from the DTCC website, the quotes plummeted.

According to the analytical tracker CoinMArketCap, at the time of writing, the flagship asset has added a little less than 1% in value and is trading for $ 34,162. The total supply of coins circulating on the market amounted to $ 666.9 billion. Traders made daily trading deals worth $ 33.8 billion. BTC’s dominance in the market amounted to 53.1%.

It is worth noting that many well-known cryptocurrency analysts on the X platform began to say that the actions of BlackRock executives shook the entire industry and allowed them to manipulate the value of the main digital coin. This caused outrage from numerous market participants. At the same time, some of them noted that they had managed to benefit from such bitcoin volatility.