https://www.cnbc.com/2018/07/27/bitcoin-loses-steam-after-sec-denies-winklevoss-etf.html

The world's largest cryptocurrency fell sharply after the U.S. Securities and Exchange Commission denied an application for what would have been the first-ever bitcoin ETF.

Bitcoin dropped to a low of $7,798.70 Friday morning, about 6 percent below where it was trading before the news Thursday evening, according to data from CoinDesk. The cryptocurrency had recovered to a two-month high earlier this week, partially on rumors of a looming exchange-traded fund approval.