Bitcoin Price Pumps Following Grayscale Victory, with Wall Street Memes Also Bullish

The price of Bitcoin (BTC) jumped over 5% in the last 24 hours, surging above $27,000 for the first time since the market crashed earlier this month, following a victory for Grayscale over the SEC.

As is often the case, where bitcoin goes, other cryptocurrencies soon follow, and at the time of writing, the global crypto market capitalization was up 3.91% in 24 hours. Bitcoin Cash has seen even bigger gains, with BCH up 12%.