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Fortune
Fortune
Ben Weiss

Bitcoin jumps 6% after appeals court sides with Grayscale over SEC’s denial of ETF application

Pictures of coins stacked on top of each other with Bitcoin logo affixed. (Credit: Illustration by Fortune)

The price of the world’s largest cryptocurrency jumped 6% on Tuesday after a federal judge Bitcoin rose from just above $26,000 to more than $27,600 at its height. At time of publication, the price was hovering just under $27,500.

The total market capitalization for all cryptocurrencies, of which Bitcoin Ether, the second-largest cryptocurrency by market capitalization, also rose almost 5% once the verdict became public, now trading at just above $1,700.

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