Despite positive news surrounding Grayscale’s court victory over the SEC, Bitcoin’s price has fallen to an 11-week low. This comes after a US judge ruled in favor of Grayscale in its lawsuit against the SEC, which initially caused BTC to rally by over $2,000 and reach a multi-week high above $28,000. However, the SEC’s decision to delay the approval or rejection of spot Bitcoin ETF applications for another 45 days had a negative impact on BTC’s price, causing it to lose all previous gains and drop to around $25,350. Though it has recovered slightly, BTC is still below $26,000 and its Market cap is close to falling below $500 billion. In the Altcoin market, most major coins such as ETH, BNB, XRP, ADA, DOGE, SOL, TRX, DOT, MATIC, LTC, and SHIB are in the red with minor losses. The exception is TONCOIN, which has seen an 11% increase in the past 24 hours and is Trading close to $2. This decline in altcoin prices has contributed to a decrease in the total crypto market cap, which is now at $1.040 trillion after briefly surpassing $1.1 trillion..
#Bitcoin #Slipped #11Week #TONCOIN #Defies #Odds #Massive #Surge #Weekend #Watch
#Bitcoin #Slipped #11Week #TONCOIN #Defies #Odds #Massive #Surge #Weekend #Watch
