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BTC price jumps to 2-week highs on Grayscale vs. SEC Bitcoin ETF win

August 29, 2023


Bitcoin neared two-week highs on Aug. 29 as news hit that digital asset manager Grayscale had won a lawsuit against United States regulators.

SEC was “arbitrary and capricious” with Bitcoin ETF rejection

Data from Cointelegraph Markets Pro and TradingView captured an instant BTC price reaction to the event, with BTC/USD gaining $1,700 in around 30 minutes.

The news upended a stale Bitcoin trading environment that had endured after snap losses in mid-August.

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