Disappointing September Opening, BTC, ETH, XRP Plunge!

<p>&nbsp;Before crypto investors had time to rejoice, the digital asset market was again hit by gloom with a more severe fall yesterday than the surge that occurred last Tuesday.</p><p><br /></p><p>This is due to reports that the United States (US) Securities and Exchange Commission (SEC) has suspended ETC Bitcoin spot applications for seven firms including BlackRock, Invesco, WisdomTree and others.</p><p><br /></p><p>This news follows developments in the recent lawsuit victory by Grayscale Investment over the SEC.</p><p><br /></p><p>SEC Chairman Gary Gensler continues to defend the rejection of ETF applications as a measure to protect investors from any potential threats in the industry.</p><p><br /></p><p><br /></p><p>Invoking concern in the crypto market, the price of Bitcoin has fallen back below the $27,000 level to reach $26,000 again.</p><p><br /></p><p>Previously, the crypto king's surge had reached a high of $28,000 last Tuesday, but it seems to have ended on a gloomy note at the end of the week.</p><p><br /></p><p>Ethereum slipped below $1,700 again to around $1,640, paring back its earlier gains.</p><p><br /></p><p>XRP experienced a significant decline after last Tuesday's surge reaching the $0.55 price level. The price plummeted to around $0.50 again.</p>