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Bitcoin: Decoding why BTC fell below $20k mark on 30 June

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Crypto bears initiated a fresh assault on Bitcoin [BTC] in the morning of 30 June, pushing the king cryptocurrency below $20,000.

The sell-off started shortly after Grayscale announced that its Bitcoin application did not go through.The market’s reaction to the SEC shooting down Grayscale’s Bitcoin ETF is unsurprising considering the high expectations attached to it.

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