for days. After last Thursday’s unsuccessful attempt to overcome $27,000, the asset had returned to $26,000 and didn’t move from there until Tuesday.in favor of Grayscale in its legal battle with the Securities and Exchange Commission regarding the agency’s refusal to review the former’s spot Bitcoin ETF application.
This had an immense impact on BTC’s price, which jumped by over two grand in hours, leaving millions in shortsAlicia BakeryThis is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Although it has lost more than $500 since that local peak, BTC is still over 5% up on the day. Its market cap has increased to above $530 billion, and its dominance over the alts shot up to 49% on CMC.
Ethereum added over 6% of value to challenge $1,750 but has lost some ground since then. Nevertheless, ETH is still 4% up on the day and sits above $1,700. 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 on CMC.