Bitcoin Reclaims $28k, Ferrari to Accept Crypto Payments

Market Update In a volatile start to the week, $BTC (+3.71%) is trading above $28k while briefly touching $30k amid a false report that the SEC had approved Blackrock’s spot ETF, sparking over $40m in liquidations (see below). The SEC has officially failed to appeal the Grayscale lawsuit ruling, giving the court seven calendar days to issue its final mandate, which could include directing the SEC to approve the conversion of $GBTC (+6.99%) into a spot ETF. Logically, investor attention appears more focused on Bitcoin as $ETH (+1.82%) is relatively underperforming, and Bitcoin dominance sits