The World in Brief

Bitcoin jumps 7% as US court rules in favor of Grayscale ETF

Published: 11:30, 30 August 2023

Bitcoin jumped more than 7% Tuesday after a US court ruled in favor of cryptocurrency investment firm Grayscale's exchange-traded fund (ETF).

The price of Bitcoin climbed to as high as $28,040 at 1.10 p.m. EDT for a 7.3% daily gain after closing the previous day at $26,121.

Ethereum, the world's biggest altcoin by market value, also rose 5.4% to as much as $1,743 after closing Monday at $1,653.

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