Bitcoin price has thus far made a 7% intraday move following news that a US court ruled in favor of Grayscale against the SEC. At the same time, the stock market is surging. Could a perfect storm for the top cryptocurrency by market cap be building? Back At $28,000: Grayscale Court Ruling Causes BTC To Bounce In an asset class as volatile as crypto, prices — and moods — can change in a flash. That’s exactly what we’ve witnessed on a small scale today, moments after news broke that a US court is forcing the SEC to reconsider Grayscale’s Bitcoin ETF. Related Reading: BREAKING: Grayscale Triumph: SEC Crushed, GBTC Rockets Towards ETF The news is significant because not only does it increase the chance Grayscale can move ahead with an ETF, but it also improves the likelihood of other ETFs like BlackRock getting the green light. Green is definitely the color of the day, with BTCUSD climbing back to $28,000 per coin on the heels of the news. Bitcoin price rockets 7% higher in a day | BTCUSD on TradingVie ..
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