Bitcoin’s price performance continues to be somewhat surprising given the positive news that came from Grayscale’s court victory over the SEC earlier this week, and the asset fell to a new multi-month low.

The altcoins also fell in the past 24 hours once again, except for TONCOIN, which is in a league of its own.

BTC’s Latest Drop

CryptoPotato reported the positive developments in the crypto market earlier this week when a US judge ruled in favor of Grayscale in its lawsuit against the US Securities and Exchange Commission. While the ruling itself didn’t mean that a spot BTC ETF would indeed be approved, it was still another major win for the industry against the US securities regulator.

It propelled a massive rally for the entire market, with BTC soaring by over $2,000 in hours and tapping a multi-week peak at above $28,000.

However, the hype quickly evaporated, and the SEC cooled things off by delaying the decision to approve or reject all current spot Bitcoin ETF applications for another 45 days.