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Bitcoin Maintains Gains After Grayscale Bump. Prices Remain Below Key Level.

Bitcoin and other cryptocurrencies were maintaining gains after a big rally on Tuesday following a pro-crypto court ruling. But bulls should take note: Analysts are still eyeing a bearish outlook for digital asset prices, which remain below key levels.

The price of Bitcoin has risen 5.5% over the past 24 hours to above $27,400, having briefly rallied above $28,000 on Tuesday after crypto asset manager Grayscale won a major appeal against the Securities and Exchange Commission (SEC). Bitcoin previously had been trading around…

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This article was written by Follow The author has an honours degree in economics and politics with a focus on economic development. With 36...