$BTC Bitcoin Little-Changed at $25.7K After Newsy and Volatile Session.
Approaching six-month lows earlier in the session, the price of bitcoin quickly jumped about 2% Friday afternoon to above $BTC $25,900 after the FASB approved what's seen as being a favorable accounting treatment for companies holding crypto on their balance sheets and ARK Invest submitted paperwork for a spot ether ETF.
The rally, however, quickly faded, with bitcoin giving up any session gains and returning to just below $25,700, roughly its level of 24 hours ago. Ether followed the same price action and is also flat at $1,630.
Crypto was under pressure Friday, after the ISM Services Index for August came in at a stronger than expected 54.5. That was up from 52.7 previously and ahead of economist forecasts for 52.5.
