Bitcoin price bounces back above $25,700 after Grayscale court victory. The price of Bitcoin rose by more than 2% today after a US court ruled in favor of Grayscale, a crypto investment firm, in its case against the Securities and Exchange Commission (SEC). The SEC had rejected Grayscale's application to convert its Bitcoin Trust (GBTC) into a spot Bitcoin ETF. The court's ruling is a major victory for the crypto industry and could pave the way for more Bitcoin ETFs to be approved in the future