Crypto market analysts have turned bullish overnight following Grayscale’s court victory against the Securities and Exchange Commission.
that a court ruled in favor of Grayscale in its lawsuit challenging the SEC’s decision to deny conversion of its GBTC fund to an ETF.as market analysts and observers are now eyeing the next bull cycle.push markets into a bull cycle?He added that the fear and uncertainty has been dissipated and momentum has returned:
“Loads of hype and momentum back in the markets as the expectations for an ETF are increasing massively with this news.”Sometimes the markets feel heavily ‘manipulated’. Sometimes the markets are heavily skewed towards sentiment and that sentiment can switch easily.
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