Reason to why every coin is down today and Why the panic sell happened

Quick Take

Matrixport analyst Markus Thielen said the Securities and Exchange Commission will likely reject all bitcoin spot ETF proposals this month.
Thielen argued the applications still fall short of a critical requirement that must be met before the SEC can approve them.

My take on this:

If you closely monitor all the major alt coins follow $BTC . If you look at the chart below every coin followed the same form of downtrend similar to btc. Hence this market downtrend is not subjective to any particular alt coin. Wait till btc goes back up, ultimately other altcoins will also perform. Do not panic sell and regret later

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