{"id":27695,"date":"2023-08-29T19:07:11","date_gmt":"2023-08-29T19:07:11","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/08\/29\/breaking-bitcoin-hits-28k-after-grayscale-win-against-sec\/"},"modified":"2023-08-29T19:07:11","modified_gmt":"2023-08-29T19:07:11","slug":"breaking-bitcoin-hits-28k-after-grayscale-win-against-sec","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/08\/29\/breaking-bitcoin-hits-28k-after-grayscale-win-against-sec\/","title":{"rendered":"BREAKING: Bitcoin hits $28k after Grayscale win against SEC"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/bitcoin-price-rise-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/bitcoin-price-rise-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/bitcoin-price-rise-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/08\/bitcoin-price-rise-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><img decoding=\"async\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/08\/bitcoin-price-rise.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Bitcoin worth rose to highs of $28,142 on crypto change Bitstamp on Tuesday.<\/li>\n<li>The positive aspects got here because the crypto market reacted to information of Grayscale\u2019s win against the SEC.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/bitcoin\/\">Bitcoin price<\/a> noticed an enormous spike in volatility on Tuesday afternoon as costs throughout the crypto market rose. The world\u2019s largest cryptocurrency by market cap jumped 7% to commerce to highs of $28,142 at 1:05 pm ET, with the crypto market cap rising 6% to $1.15 trillion.<\/span><\/p>\n<figure id=\"attachment_151254\" aria-describedby=\"caption-attachment-151254\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-151254\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2023\/08\/BTCUSD_2023-08-29_20-33-21.png\" alt=\"\" width=\"1281\" height=\"557\"\/><figcaption id=\"caption-attachment-151254\" class=\"wp-caption-text\"><a href=\"https:\/\/www.tradingview.com\/x\/emOLa1Nh\/\">Bitcoin price chart<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Elsewhere out there, Ethereum traded to highs of $1,740, with its worth up 5% up to now 24 hours. All the highest 10 altcoins had been within the inexperienced on the day on the time of writing, with BNB up 4%, XRP +3.8%, Cardano +4% and Dogecoin +6%.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Why is Bitcoin and crypto surging?<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Bitcoin\u2019s sharp worth motion to the brand new multi-week excessive got here because the market reacted to information that Grayscale Investments had gained in its lawsuit against the US Securities and Exchange Commission (SEC). <\/span><\/p>\n<p><span style=\"font-weight: 400\">As CoinJournal <a href=\"https:\/\/coinjournal.net\/news\/grayscale-win-against-sec-in-bitcoin-etf-case\/\">reported<\/a> earlier in the present day, the DC Circuit court docket dominated that the SEC had wrongfully denied Grayscale\u2019s proposal to transform its Bitcoin Trust fund (GBTC) to a spot Bitcoin ETF.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The court docket vacated the SEC\u2019s order disapproving the applying and granted the petition to have SEC evaluation the proposal.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this text<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/breaking-bitcoin-hits-28k-after-grayscale-win-against-sec\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Bitcoin worth rose to highs of $28,142 on crypto change Bitstamp on Tuesday. The positive aspects got here because the crypto market reacted to information of Grayscale\u2019s win against the SEC. Bitcoin price noticed an enormous spike in volatility on Tuesday afternoon as costs throughout the crypto market rose. The world\u2019s largest cryptocurrency by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[3],"tags":[1372,20,1853,346,203,571,422],"class_list":["post-27695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-28k","tag-bitcoin","tag-breaking","tag-grayscale","tag-hits","tag-sec","tag-win","entry","has-media","owp-thumbs-layout-horizontal","owp-btn-normal","owp-tabs-layout-horizontal","has-no-thumbnails","has-product-nav"],"_links":{"self":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/27695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/comments?post=27695"}],"version-history":[{"count":1,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/27695\/revisions"}],"predecessor-version":[{"id":27696,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/posts\/27695\/revisions\/27696"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media\/27697"}],"wp:attachment":[{"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/media?parent=27695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/categories?post=27695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coingrafter.com\/index.php\/wp-json\/wp\/v2\/tags?post=27695"}]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