Bitcoin, Ethereum, Dogecoin Drop As Grayscale Rally Fades: Analyst Predicts 16% Downside In September For Apex Crypto, Anticipates $23K Levels

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Major cryptocurrencies experienced a decline on Wednesday as the rally subsided, a trend attributed toGrayscale’s court triumph against the Securities and Exchange Commission (SEC). What Happened: The federal appeals court has instructed the SEC to reconsider its decision to decline the investment manager Grayscale’s proposal to transform its $14 billion Grayscale Bitcoin Trust (GBTC) into a spot bitcoin exchange-traded fund (ETF). This development sparked a swift increase in the overall crypto market and crypto-related stocks on Tuesday. Gold, Silver Or Bitcoin: What Is The Best Hedge Against…

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