Bitcoin Price analysis

Significant Developments in Bitcoin ETFs and Crypto Market

Market instability has set off a chain reaction in Bitcoin exchange-traded funds (ETFs), with net inflows falling by 80%. Two US senators have written to Gary Gensler of the Securities and Exchange Commission, urging him not to authorize any new crypto ETF funds. Meanwhile, a UK judge has declared that Craig Wright did not create Bitcoin. Here are three key changes in the cryptocurrency market during the previous 24 hours.

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Craig Wright and Peter McCormack with a symbol of justice.

McCormack Declares Victory After Supreme Court Rejects Wright’s Final Appeal in Bitcoin Case

In a major development for the cryptocurrency community, the UK Supreme Court has denied Craig Wright’s final appeal in his libel case against prominent Bitcoin podcaster Peter McCormack. This definitive ruling marks the end of a five-year legal battle, with McCormack emerging victorious.

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