Bitcoin below US$26,000, most other top 10 cryptos extend losses

Bitcoin fell below US$26,000 in Friday afternoon trade in Asia, along with all other top 10 cryptocurrencies, except Toncoin and Tron. The Wednesday rally in crypto prices was short-lived after the U.S. Securities and Exchange Commission’s (SEC’s) announcement on Thursday that it will delay seven spot Bitcoin exchange traded fund (ETF) applications until October.