In today's Crypto Report we delve into the recent rollercoaster ride of Bitcoin (BTC) and the cryptocurrency market.
Bitcoin initially surged earlier in the week thanks to Grayscale's promising court victory against the SEC, inching closer to the approval of its coveted spot-Bitcoin ETF. However, the SEC's decision to delay similar applications from other giants like BlackRock, WisdomTree, Ark Invest, and Bitwise threw cold water on the rally, causing Bitcoin to drop by 5% and erase its mid-week gains.
Then turning our attention to the broader altcoin space, looking at Ethereum (ETR), Dogecoin (DOGE), Ripple (XRP), Cardano (ADA), Solana (SOL), and Polkadot (DOT) to see how they were affected by the wider cryptoasset trends.