On June 23, Bitcoin prices surpassed the $31,000 level. In the last 24 hours, the asset rose by 4.2%, according to CoinGecko.
At the time of writing, the price remained above the $31,100 mark.
Following the leader, all assets in the top-10 by market capitalization moved into the ‘green zone’. Notable gains were seen in Cardano (3.6%) and Dogecoin (3%). Over the past 24 hours Ethereum rose by 2.1%.
Market capitalization rose by 3.1%, to $1.24 trillion. Bitcoin dominance index stood at 48.5%, ETH at 18.5%.
The rise in prices comes on the back of the решения of the U.S. Supreme Court regarding lawsuits by Coinbase customers. The ruling expanded the exchange’s ability to seek arbitration in resolving such disputes. It does not affect ongoing regulatory cases and does not directly affect the crypto industry.
According to CoinDesk, on June 23 the U.S. Securities and Exchange Commission (SEC) approved Volatility Shares’ application to launch a 2x Bitcoin Strategy ETF.
On June 21, Bitcoin broke through the $30,000 level. Then Kevin Peng of The Block Research linked the price rise to optimism surrounding BlackRock заявки на запуск bitcoin-ETF.
Earlier, MicroStrategy founder Michael Saylor predicted a multi-fold rise in digital gold due to regulation. In his view, the SEC’s actions are laying the groundwork for the next bullish phase.
Former chairman of the CFTC Timothy Massad stated that the future of digital assets depends on the outcomes of SEC lawsuits against cryptocurrency exchanges Binance and Coinbase.
As reported, on June 14 the price of Bitcoin began to recover from from below $26,000 after the ФРС kept the key rate.