Bitcoin price surges as SEC misses appeal deadline for Grayscale GBTC conversion to spot BTC ETF

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Bitcoin price surges as SEC misses appeal deadline for Grayscale GBTC conversion to spot BTC ETF
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Bitcoin (BTC) price is trading with a bullish bias, holding above a crucial support level into the weekend as chatter about Bitcoin exchange-traded fu

Bitcoin price is up almost 1% amid spreading news that the US SEC will not be appealing the Grayscale victory. Trading volume continues to increase, up 61% thus far despite the characteristic weekend lull. It comes as investors anticipate Spot BTC ETF to come soon, possibly driving Bitcoin price higher. nd continues to span Crypto X. It comes on the back of conclusion that the US Securities and Exchange Commission may not be appealing the recent Grayscale victory as the deadline has elapsed.

To achieve this, the value of any one stablecoin is pegged to a commodity or financial instrument, such as the US Dollar , with its supply regulated by an algorithm or demand. The main goal of stablecoins is to provide an on/off-ramp for investors willing to trade and invest in cryptocurrencies. Stablecoins also allow investors to store value since cryptocurrencies, in general, are subject to volatility.

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