Bitcoin

Bitcoin, a type of digital money, has gone up by about 7% and reached over $27,000 ($27,645). This is a notable change from being around $26,000 for many weeks.A few things have contributed to this rise. First, a court decision favored Grayscale against the US SEC regarding a review of a Bitcoin ETF. Second, recent not-so-good economic data in the US makes it less likely for the Federal Reserve (Fed) to raise interest rates in September. This has also added positivity to the situation.The US courts sided with <a href="https://cryptosheadlines.com/grayscales-legal-victory-boosts-gbtc-trading-volumes/" rel="noopener noreferrer nofollow">Grayscale in its legal</a> fight against the Securities and Exchange Commission (SEC). The <a href="https://cryptosheadlines.com/blackrock-resubmits-bitcoin-spot-etf-application-to-sec/" rel="noopener noreferrer nofollow">SEC had said no to Grayscale’s plan to make a Bitcoin spot</a> exchange-traded fund (ETF). The U.S. <a href="https://cryptosheadlines.com/ftx-bankruptcy-case-referred-to-us-appeals-court-for-an-impartial-investigation/" rel="noopener noreferrer nofollow">Court of Appeals</a> Circuit Judge Neomi Rao ordered that Grayscale’s request to review the decision be accepted and that the SEC’s denial be canceled. <a href="https://cryptosheadlines.com/bitcoin-climbs-over-27000-amid-positive-factors-and-bad-news-is-good-news/" rel="noopener noreferrer nofollow">Read More...</a>

Bitcoin Climbs Over $27000 Amid Positive Factors and ‘Bad News is Good News’

CryptosHeadlines.com

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