16-10-2023 10:00 via newsbtc.com

Bitcoin Price Soars To $28,000, Here’s Why

The world’s leading cryptocurrency, Bitcoin (BTC), has seen a significant surge in its price today, reaching $28,004. While several factors have contributed to this jump, here are the primary reasons:
#1 SEC’s Non-appeal On Grayscale Spot Bitcoin ETF
Late on Friday night, the market became aware of the US Securities and Exchange Commission’s decision not to appeal the verdict which favored Grayscale’s conversion of the Grayscale Bitcoin Trust (GBTC) into a spot ETF. This
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