Bitcoin Slumps to $26.3K as Crypto Markets Erase Gains From Grayscale Court Win
Cryptocurrency markets have erased the positive gains they saw on Monday, as Bitcoin’s price has dropped to $26,300 from its daily high due to bearish market sentiment.
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Bitcoin plunges to 18-month low on SEC court victory.
Grayscale’s Bitcoin Discount has dropped to its lowest point in 18 months, driven downwards by the SEC’s recent court win. Analysts have hailed this as a major victory which will propel the digital asset’s growth.