Bitcoin prices fell nearly 4% almost immediately after the U.S. Securities and Exchange Commission (SEC) rejected the Winklevoss Bitcoin ETF on July 27. The Bitcoin ETF was the main factor that caused the Bitcoin price to fall from $8,300 to $7,900, triggering a drop in other major digital assets and small-cap tokens.

Bitcoin price drops to $7,900, SEC rejects Winklevoss ETF, crypto market loses $11 billion
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