Additionally, the crypto market is cheering the victory of Greyscale over the US SEC about the creation of a spot Bitcoin ETF.

Source: https://cyprus-mail.com/2023/09/06/x-boosts-dogecoin-doge-as-pepe-pepe-struggles-everlodge-eldg-readies-for-a-price-rise/

Alongside Greyscale, asset managers that look after a combined $17.7 trillion on behalf of clients such as BlackRock, Fidelity and Invesco have filed for spot bitcoin ETFs, with the SEC facing a deadline of early next year to approve or deny them.

Source: https://www.forbes.com/sites/digital-assets/2023/10/15/leak-reveals-a-wall-street-crypto-revolution-to-beat-the-us-dollar-has-suddenly-begun-heralding-bitcoin-ethereum-xrp-and-crypto-price-chaos/

Last week, Bitcoin jumped following the news that Greyscale won the lawsuit against the SEC as the D.C. court ruled that the SEC improperly rejected the Bitcoin spot ETF.

Source: https://www.forexlive.com/technical-analysis/bitcoin-technical-analysis-watch-this-key-support-20230906/