By Tiffany Wang, WOO Network Analyst
Last week, there were a few notable changes in the macroeconomic landscape. In Europe, CPI aligned with expectations, yielding no significant surprises.
Turning our attention to the cryptocurrency landscape, a notable event transpired on August 29th when Grayscale emerged victorious in its legal battle against the U.S. SEC. The lawsuit pertained to the SEC’s initial rejection of Grayscale’s application to list its first Bitcoin spot ETF. In the immediate aftermath of this news, BTC witnessed a noteworthy surge, ascending by 3.4% during intraday trading, briefly surpassing the $27,000 mark.
However, this price surge proved short-lived, as the week concluded with the BTC price essentially retracing its steps and returning to a level akin to where the week had commenced.
Crypto and blockchain events this week (Sep 4th ~ 10th)
Meanwhile, here are the biggest crypto and blockchain events happening around the world this week so that you can stay informed.
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