Bitcoin Price Skyrockets Past $28,000, Here’s Why
The Bitcoin price trajectory has once again taken a sharp upward turn, marking its ascent past the $28,000 landmark for the first time since its notable surge on August 29. This prior leap had been attributed to Grayscale’s triumph over the US Securities and Exchange Commission (SEC) in their legal battle regarding the Bitcoin Trust (GBTC) conversion to a spot ETF. In a striking demonstration of Bitcoin’s infamous volatility, the BTC experienced a price escalation of over $800 within a minuscule 5-minute window on Sunday evening, rocketing from $27,250 to a peak of $28,053....
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