Odaily Planet Daily News Although Grayscale won the lawsuit against the SEC, Bitcoin’s monthly return may still be negative at the end of August. Bitcoin price was above $29,000 in early August and is currently hovering above $27,000.

Bitcoin’s performance in August has created uncertainty for September, which experienced record lows in Bitcoin volatility, declining trading volume, and a price flash crash into the $25,000 area.
James Butterfill, director of research at CoinShares, predicts that early September will show indecision in the market. He expects traders to vacillate between two sentiments: excitement that a bitcoin spot ETF application may be approved, or doubts about whether the U.S. SEC will approve a spot ETF. While Wednesday's court ruling favored Grayscale, Butterfill said it was unlikely to speed up the timeline for SEC approval, as an appeal is still possible. (The Block)
According to previous news, according to court documents, Grayscale won the lawsuit against the SEC. Grayscale CEO Sonnenshein posted on Additionally, Grayscale’s legal team is actively reviewing the court’s opinion.