Cryptocurrency market celebrates grayscale's breakthrough
Edited By WION Video Desk
Published: Aug 30, 2023, 07:00 IST | Updated: Aug 30, 2023, 07:00 IST
When attempts to halt a bitcoin exchange-traded fund failed, the whole cryptocurrency market celebrated, with the controversial grayscale investments' fund itself seeing a $2 billion rise. On Tuesday, Grayscale Investments' Bitcoin trust posted an approximately 21% gain, far outpacing Bitcoin's gains, which were around 7%, and caused the cryptocurrency to trade beyond $27,700.
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