Bitcoin Price Taps $28,000 On Grayscale Ruling, Soaring Stock Market

2023-8-30 20:37

Bitcoin price has thus far made a 7% intraday move following news that a US court ruled in favor of Grayscale against the SEC. At the same time, the stock market is surging.

Could a perfect storm for the top cryptocurrency by market cap be building?

Back At $28,000: Grayscale Court Ruling Causes BTC To Bounce

In an asset class as volatile as crypto, prices — and moods — can change in a flash. That’s exactly what we’ve witnessed on a small scale today, moments after news broke that a US court is forcing the SEC to reconsider Grayscale’s Bitcoin ETF.

The news is significant because not only does it increase the chance Grayscale can move ahead with an ETF, but it also improves the likelihood of other ETFs like BlackRock getting the green light.

Green is definitely the color of the day, with BTCUSD climbing back to $28,000 per coin on the heels of the news.

Bitcoin Price Could Benefit From A New Stock Market High

It isn’t just crypto getting a major boost today. US stock indexes are also soaring today. The S&P 500 is up over 1.2%, the tech-heavy Nasdaq over 1.88%, and the Dow Jones Industrial Average at 0.63%. The latest bounce in stocks puts traditional markets within striking distance of a new all-time high.

This is important because if Bitcoin price is already turning bullish in the wake of the Grayscale news, then a simultaneous stock market all-time high could cause crypto to go ballistic.

Cryptocurrencies have a ton of catching up to do relative to the stock market. Furthermore, back in 2020, after the S&P 500 made a new all-time high, Bitcoin price followed in the weeks to come and set a record of its own. Is this what we can expect if the stock market sets new record highs, and a slew of ETFs are approved?

origin »

Bitcoin price in Telegram @btc_price_every_hour

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

grayscale market bitcoin price stock court ruling

Источник: newsbtc.com

grayscale market → Результатов: 126


Фото:

Grayscale Director: Smart Money is Flooding into Crypto at Remarkable Rate

The widespread money printing that has come about as a result of the Coronavirus pandemic will eventually lead to massive inflation rates for fiat currencies Although the crypto market’s participants have long seen digital currencies as a way to escape the impacts of this, it now appears that “smart money” is taking notice as well The managing director for Grayscale Investments is now noting that his company’s regulated crypto funds are seeing unprecedented inflows Bitcoin […]

2020-5-21 21:00


Под управлением Grayscale находится уже $3.8 млрд криптоактивов

Общая стоимость активов под управлением криптовалютной инвестиционной компании Grayscale достигла $3. 8 млрд. Об этом компания сообщила в своем Твиттере. 05/19/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

2020-5-21 19:58


Стоимость криптовалютных фондов Grayscale Investments достигла рекордных $3,8 млрд

Инвестиционная фирма Grayscale Investments, специализирующаяся на криптовалютах, объявила о рекордном объеме активов под управлением. Их общая стоимость достигла $3,8 млрд. 05/19/20 UPDATE: Net Assets Under Management, Holdings per Share, and Market Price per Share for our Investment Products.

2020-5-21 12:00


Grayscale Ethereum Trust Is Now Available For Trading On OTC Markets

Grayscale Launches New ETHE Security According to the blog post released by the company, ETHE is a trust that holds Ethereum, the second largest virtual currency in the market after Bitcoin. That means that investors would be able to have access to gain exposure to Ethereum without necessarily having to purchase the cryptocurrency itself. The […]

2019-6-22 17:06


Bitcoin’s ‘sweet spot’ a major reason for investment uptrends, claims Grayscale’s latest research

The cryptocurrency market has been showing positive signals since the latest bull run lifted the price and market cap of Bitcoin and, in turn, rest of the coins. In a recent compilation of data by Grayscale, the Barry Silbert-led organization touched on the cryptocurrency investments and developments during the first quarter of 2019.

2019-6-15 14:00


Bitcoin can be everything at once; currently it’s best at being a store of value, says Blockstream’s CSO

Bitcoin [BTC], the largest cryptocurrency in the market, has gone from being an electronic cash system to becoming a store of value over the past ten years. The coin has several times been termed as digital gold, with even Grayscale Investments prompting investors to drop gold and be a part of the digital currency revolution […] The post Bitcoin can be everything at once; currently it’s best at being a store of value, says Blockstream’s CSO appeared first on AMBCrypto.

2019-6-14 00:00


Фото:

Bitcoin [BTC] is the new gold for modern-day investors, suggests Grayscale’s latest research

Bitcoin’s [BTC] entry into the financial market has finally been acknowledged by the world after a painfully long decade of proving its relevance. While recent conversation has revolved around the comparison between crypto (mainly BTC) and fiat, the crypto-ecosystem has forced the new generation of investors to re-evaluate the value of gold, in terms of […] The post Bitcoin [BTC] is the new gold for modern-day investors, suggests Grayscale’s latest research appeared first on AMBCrypto.

2019-6-8 21:00


Bitcoin Price Shatters $11,000 on GBTC’s 37% Premium Over Skyrocketing Demand

By CCN: In the past month, within a 30-day span, the bitcoin price has surged 60 percent against the U. S. dollar to about $8,500 as the valuation of the crypto market rose by $100 billion. Major crypto assets such as ethereum, litecoin, and EOS have seen gains above 100 percent year-to-date, with Binance Coin, the seventh most valuable crypto asset in the global market, recording a staggering 437 percent gain against the USD.

2019-5-29 11:08


Bitcoin [BTC] price tide buoys Grayscale AUM over $2 billion as #DropGold campaign gathers steam

Bitcoin [BTC], often touted as the digital gold, aims to replace its tangible equivalent and is certainly doing so when portfolios are scrutinized. With Bitcoin adding over $5,000 to its price at which it began the year, investment in the top cryptocurrency is seeping away the market share of Gold, with one key player gathering […] The post Bitcoin [BTC] price tide buoys Grayscale AUM over $2 billion as #DropGold campaign gathers steam appeared first on AMBCrypto.

2019-5-29 09:23


Grayscale Investments: Ethereum Trust [ETHE] receives FINRA approval for public quotation on OTC markets

Grayscale Investments, a digital asset management firm, made an announcement with regard to the second largest cryptocurrency in the market, Ethereum. The platform stated that the Financial Industry Regulatory Authority [FINRA] approved its Ethereum Trust, ETHE, making it the third publicly quoted investment product.

2019-5-23 16:18


Institutions Are Here: CME Bitcoin Futures Trade Record $1.3 Billion

The Grayscale Bitcoin Investment Trust (GBTC) was trading with an implied Bitcoin price of over $10,000 May 14 as investor interest peaked. GBTC At 30% Bitcoin Price Premium GBTC, which has made 24-hour gains of almost 20 percent, currently trades on the basis of a single bitcoin costing around $10,200 – a full $2300, or almost 30 percent, above average market rates.

2019-5-14 16:00


Hedge Fund Bitcoin Buying Spree Accelerated 2400% in Q1: Grayscale

By CCN: The bitcoin price enjoyed a wildly-bullish start to 2019, and the flagship cryptocurrency’s winning streak shows no signs of letting up anytime soon. Hedge Funds Headline 42% Increase in Grayscale Inflows While cryptocurrency remains a retail-dominated market, data from investment firm Grayscale reveals that institutional investors continue to ramp up their exposure to the asset class.

2019-5-14 20:20


Bitcoin is Not a Replacement for Gold’s Near $8 Trillion Market Cap, Says World Gold Council

It is well-known that blockchain is a very destructive technology, and crypto, by its very nature, is set up to compete with and possibly overtake fiat currency at some point in the future and this was made obvious when a viral campaign called #dropgold hit the internet, which was backed up by Grayscale Investment. The […]

2019-5-3 18:17


World Gold Council Blinks, Claims Bitcoin’s ‘No Replacement for Gold’

By CCN: Gold may have a value of $7. 8 trillion, but it isn’t happy about giving any of that up to bitcoin, the latter of which has a market cap of $97. 2 billion. A day after Grayscale unleashed its “Drop Gold promotion, a TV commercial that garnered 100,000 views in less than 24 hours, the World Gold Council is clapping back.

2019-5-3 23:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru