Bitcoin as well as other cryptocurrencies jumped on news that US Federal Appeals Court ruled that US Securities and Exchanges Commission (SEC) was wrong in rejection Grayscale application for a spot Bitcoin ETF. SEC order was vacated and Grayscale was granted a review of the decision.
Bitcoin jumped around 4% on the news while Ethereum and Ripple moved around 3% higher.
Source: xStation5
Morning wrap: Tech sector sell-off (06.02.2026)
Technical analysis: Bitcoin deepens decline falling to $66.5k 📉
🚨Bitcoin crashes 4% to $69k📉Sell-off on Ethereum and Ripple
Chart of the day: BITCOIN 40% below recent peak 🚨 Eroding fundamentals risk selling spiral 📉