Bitcoin whales aim to reclaim $42K after BTC price dives over 3%

Bitcoin (BTC) tapped lows beneath $41,700 after the Dec. 15 Wall Street open as BTC price action fielded fresh sell-side pressure.

BTC/USD 1-hour chart. Source: TradingViewBitcoin balks at SEC Coinbase rejection

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD diving over $1,300 or 3.2% on the day.

The largest cryptocurrency, fresh from a recovery from snap volatility the day prior, failed to hold its ground at $43,000 as Bitcoin bulls were denied upside continuation.

BTC price weakness accompanied news that United States regulator, the Securities and Exchange Commission (SEC), had refused a request by major exchange Coinbase to rework the rules for crypto.

“Today, the…

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