Bitcoin Jumps to $35K as SEC Decision Fuels Rally for Crypto Stocks

Bitcoin price surged above $35,000 on Tuesday, reaching its highest level since May 2022.

The rally comes as the SEC declined to challenge its court loss against Grayscale, boosting hopes for a spot bitcoin ETF.

Cathie Wood's ARK Invest cashed in on the rally, selling over $6 million worth of Coinbase and Grayscale Bitcoin Trust shares.

Bitcoin miner stocks like Marathon Digital and Riot Platforms saw double-digit percentage gains on Tuesday.

MicroStrategy, which holds over 158,000 bitcoin, climbed 12.5% Tuesday as crypto sentiment improves.