Bitcoin’s post-Grayscale victory hype is already fizzling out.
On Thursday, the top crypto asset fell back to $26,300, which was roughly its level before the pump., the price dump has triggered $103.58 million in liquidations over the past 24 hours, including $3.12 million liquidation on Bybit.The collapse comes shortly after a brief rally for Bitcoin on Tuesday, whenconfirmed a decisive victory over the SEC in court in its battle to launch a Bitcoin spot ETF.
The victory still doesn’t confirm that a spot ETF will be approved, however, which many expect to catalyze major price appreciation for Bitcoin.that the Federal Reserve’s tight monetary policy may keep prices sequestered for a while.Grayscale’s GBTC shares have fallen by 3.43%, erasing some of their gains after the lawsuit win this week.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Court Rules SEC Must Review Rejection of Grayscale's Bitcoin ETF Bid, Bitcoin Jumps 5%The most valuable crypto stories for Tuesday, August 29, 2023.
Read more »
Beyond Bitcoin ETF: Inside BlackRock Bitcoin (BTC) Mining StrategyBlackRock, one of largest investing conglomerates in world, expands its presence in Bitcoin (BTC) mining segment
Read more »
Grayscale's Chief Legal Officer Talks Bitcoin ETF Decision; Bitcoin Price Rallies on Grayscale Court WinGrayscale Investments Chief Legal Officer Craig Salm joins 'First Mover' to discuss the next steps after a federal court ruled the SEC must review its rejection of Grayscale’s attempt to convert the GBTC into an ETF. Kaiko Director of Research Clara Medalie discusses the market reaction as bitcoin (BTC)'s price surged on the news. Plus, former SEC Special Counsel Hermine Wong shares insights into the impact of the SEC issuing its first enforcement action targeting NFTs.
Read more »
Bitcoin ETF Applications Are Bitcoin's Best Marketing StrategyWith the recent Grayscale win over SEC stonewalling, it seems like spot market BTC exchange-traded funds may be soon approved. Here's why that matters.
Read more »
Bitcoin Bulls Are Back Following Grayscale Court Victory, But Is it Too Soon?Crypto market analysts have turned bullish overnight following Grayscale’s court victory against the Securities and Exchange Commission.
Read more »
Philly-area barber gives back to kids by offering free back-to-school haircutsCelebrity barber Kenny Duncan tells Philly Live’s Aunyea Lachelle about how he has teamed up with other hair stylists through Barbers Who Care to get free back-to-school haircuts to boys and young men.
Read more »