Yesterday, Bitcoin (BTC) finally went on the offensive after days of sluggish price performance, gaining more than $2,000 in hours following a crypto win over the US Securities and Exchange Commission (SEC) in US courts. The altcoins have also turned green today, with TONCOIN and BCH stealing the show by posting 15% increases.BTC soared past $28,000, after an unsuccessful attempt to overcome $27,000 the previous Thursday. The situation changed when a US judge ruled in favor of Grayscale in its legal battle with the SEC regarding the agency’s refusal to review the former’s spot Bitcoin ETF application. This had an immense impact on BTC’s price, leaving millions in shorts liquidated in its path.As BTC headed in either direction fast, so did most altcoins. BCH and TONCOIN soared by around 15% in a day to $220 and $1.73, respectively. Ethereum added over 6% of value to challenge $1,750 but has lost some ground since then. Solana is up by over 6.5%, while BNB, DOGE, XRP, ADA, MATIC, and LTC have added somewhere between 3 and 5% in a day. The total crypto market cap soared by over $60 billion at one point but now stands just inches below $1.1 trillion.
This News Article was automatically generated by Bob the Bot(AI)
This News Article was automatically generated by Bob the Bot(AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | positive |
| Relevance Score | 8 |
| People | None |
| Companies | Binance, Grayscale, Securities and Exchange Commission, PrimeXBT, TradingView |
| Currencies | Toncoin, Solana, Ethereum, Bitcoin, Bitcoin Cash |
| Securities | None |
