It's the latest in the agency's string of rejections of spot bitcoin ETF applications.
Traders of ether futures saw liquidations nearly double those of bitcoin in an unusual move.
The largest cryptocurrency dropped below a support level in the past 24 hours before recovering.
Choppy trading in broader markets failed to temper a gradual dip in major cryptocurrencies, with some sliding as much as 8% in the past 24 hours.
Nikolaos Panigirtzoglou and team mull the outlook for crypto following the Terra collapse.
The supply of tokens on the new blockchain will be just over 116 million, developers said.
The bitcoin Fear & Greed Index reached its second-lowest record fear level in history. Analysts expect a period of lower returns.
The collection amassed huge popularity in crypto circles but its creator has now acknowledged being the person behind a pseudonymous account allegedly linked to an online cult.
Sentiment indicators reached “rock bottom” on Monday amid a prominent fund manager calling for a retest of 2019’s price levels.
Investors have largely exited the Terra ecosystem – now evident in DeFi protocols on the blockchain – and analysts remain skeptical about its long-term prospects.