After charting a two-week high above $28,000 on the wings of Grayscale’s court win over the SEC, bitcoin has started to lose traction once more, dropping by a grand.BTC Down to $27K
Bitcoin’s price performance until earlier this week was untypically calm. The asset had tried to reclaim $27,000 last Thursday but failed, and the subsequent rejection brought it back down to a familiar ground of $26,000. The following several days were uneventful, as BTC couldn’t move more than $100-$200 in either direction.the SEC to vacate its decision to reject the review of Grayscale’s application to turn its flagship fund – GBTC – into a spot Bitcoin ETF.
In a matter of a few hours, the cryptocurrency soared by over two grand to a two-week high at over $28,000, leaving $80 million in shorts