(BTC) price is up today, rising to an intra-day high above $30,200 and a new two-month high. The Bitcoin price increase today comes after the United States Securities and Exchange Commission announced it would drop all charges against Ripple’s leadership, including CEO Brad Garlinghouse. The crypto community gleefully celebrated Ripple’s victory.
Although Bitcoin price could struggle to hold the $30,000 level, a certain degree of the bullish momentum is likely driven by institutional investors’ recent amendments to multiple spot Bitcoin exchange-traded fund (ETF) applications and retail investors’ hope in the upcoming Bitcoin supply halving.
Bitcoin price. Source: TradingViewGold performance. Source: TradingViewBTC balance on exchanges. Source: CoinglassBitcoin liquidation data. Source: CoinglassBitcoin Fear & Greed Index. Source: Alternative.me