[JUST IN] Grayscale wins lawsuit against the SEC - page 4.

virasog

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Quote from: Faisal2202 on August 29, 2023, 09:51:36 AM

Yeah i just received a message from Coingecko and was amazed to see the price as few hours ago I checked the price and it was around 26,100$ I think. Well, I really was amazed how market made movements.I quickly told my friend and then another friend. One of my friend said, he is analyzing the market I said ok when you find the factor then tell me. Hehe. I mean he used to stretch things up a little bit.

Well, I also tried to watch some news and I saw grayscale won the case against SEC. And this might be the only factor that causes this up trend. Well, let's see what comes next.

I also saw this message on my mobile and it was a surprise to see a big green candle after days and weeks of consolidation.

This is surely a big win for the Grayscale and a major setback for the SEC. This will also strengthen the case for Blackrock's approval for ETF.
I will not say that this will bring a bull run in the market but this will surely kill the many negative sentiments that were recently floating in the market.

goldkingcoiner

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While this all is very good news and a well deserved black eye for the SEC, I would not go as far as to say that we will 100% see any Bitcoin ETF soon. We still have a way to go from the application process.

If I understand it correctly, (and if not then somebody feel free to correct me) but the application could still be rejected or the SEC might take the lawsuit to further stages with an appeal or revision or something (obviously I am not a lawyer, so somebody tell me if this is indeed a closed case or not)? Perhaps I am being a bit too pessimistic but when it comes to Bitcoin ETFs we have had too many disappointments in the past.

ImThour

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Bitcoin Bottom was at $15.4k

Makes sense now, however the price was actually at a strong support level on 1 Day timeframe and RSI was low too. Let's see where it goes. If it breaks above $29k, we might see a bigger leg up as it will be breaking the resistance trendline which its holding for some time now. I am quite sure that this pump will continue now. Glad I opened a long trade on BTCUSD yesterday as my system gave me a call.

348Judah

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Just as many will also wanted to see the outcome of this case, now that it is evident for victory on Grayscale end, what next should we expect, maybe there could be more stir on the internet to use this news event as part of the means bitcoin market could experience a little change, many have been suspecting on pump in due time, should this victory be certainly expected for a move or there are more coming to signals a bull after altering the market demand and supply.

Faisal2202

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Yeah i just received a message from Coingecko and was amazed to see the price as few hours ago I checked the price and it was around 26,100$ I think. Well, I really was amazed how market made movements.I quickly told my friend and then another friend. One of my friend said, he is analyzing the market I said ok when you find the factor then tell me. Hehe. I mean he used to stretch things up a little bit.

Well, I also tried to watch some news and I saw grayscale won the case against SEC. And this might be the only factor that causes this up trend. Well, let's see what comes next.

OmegaStarScream

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In case you're wondering why you're receiving notifications from your portfolio apps, it's because Grayscale just won its lawsuit against the SEC which first rejected the conversion of Grayscale's Bitcoin Trust into a Spot ETF[1]. So we might see the first Spot ETF in the U.S soon[2]

[1] https://twitter.com/crypto/status/1696532002189857272?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet
[2] https://www.cnbc.com/2023/08/29/first-bitcoin-etf-could-be-coming-soon-as-court-rules-in-favor-of-grayscale-over-sec.html

Topic: [JUST IN] Grayscale wins lawsuit against the SEC - page 4. (Read 539 times)