Bitcoin whales have been undeterred by the recent price swings of the leading digital asset, with the total number of whales reaching a 10-month high of 1,611 according to Glassnode. During the second half of August, Bitcoin was stuck around the $26,000 mark, but the price surged to $28,000 on August 29th after Grayscale won its lawsuit against the United States Securities and Exchange Commission (SEC). However, the SEC has once again delayed its decision on the launch of a spot BTC ETF, causing the hype in the community to die down and the asset to drop back to around $26,000. It remains to be seen how large investors will react to the latest price developments and whether they will use the price decline as a buy-the-dip opportunity or dump some holdings due to the growing uncertainty.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	None
Companies	United Securities and Exchange Commission (SEC), Fidelity, BlackRock, Invesco, Grayscale
Currencies	US Dollar, Sector, Ethereum, grayscale, Bitcoin
Securities	None