Bitcoin Cash (BCH) and several prominent altcoins are experiencing an upward trajectory in their trading prices, attributed to a recent report indicating a favorable ruling by the US federal appeals court. 

The court’s decision suggests that the US Securities and Exchange Commission (SEC) erred in its rejection of Grayscale’s application for a spot bitcoin exchange-traded fund (ETF). 

This development has once again underscored the impact of positive regulatory news on the sentiment and valuation of the cryptocurrency market.

Regulatory Reassurance Boosts BCH, Overall Market Confidence

The crypto market has long been susceptible to fluctuations driven by regulatory uncertainty. However, instances of regulatory clarity, such as the latest ruling regarding Grayscale’s ETF …