Today, July 27, 2018, cryptocurrency markets have taken a sharp downturn. All of the top ten coins by market cap recorded losses, with Bitcoin dipping back down below 8000 USD. At the time of this writing, Bitcoin is down 4.07% from yesterday's levels. Below you can see the market reaction we observed today. The breaking news that the Winklevoss Twins' application for an exchange-traded fund (ETF) on Bitcoin was rejected yesterday for the second time by the U.S. Securities and Exchange Commission. The Winklevoss twins are American rowers and Internet entrepreneurs, Cameron and Tyler Winklevoss, known not only for the role they played in the creation of Facebook but also for being some of the earliest adopters of Bitcoin and owners of one of the biggest exchanges in the U.S. called Gemini. Charlie Shrem (crypto entrepreneur) stated on Twitter yesterday that the SEC’s second rejection of the Winklevoss Bitcoin ETF it is in some sense “old news.” He predicted that an