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Cryptocurrency Market Soars by $50 Billion as SEC Loses Court Ruling on GREYSCALE’s Bitcoin Investment Fund

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Market Value of Cryptocurrency Rises by $50 Billion

The market value of the cryptocurrency market has risen by over $50 billion after the U.S. Market and Exchange Commission lost a court ruling in favor of investment firm GREYSCALE regarding its Bitcoin-pegged investment fund.

The price of Bitcoin rose over $2,000 yesterday, surpassing the $28,000 price tag.

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Paypal is making its way into the encryption sector. Why after so many years?

The SEC’s legal loss was the second in a few weeks after the loss of a court decision in favor of RIPPLE, which issued the XRP currency that supported the cryptocurrency market.


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