Bitcoin Surges to $31,000, Continuing Rally Amidst ETF Sentiment and Supply Spikes.

Bitcoin reached a new 52-week high of $31,341.19, as interest from big financial players such as Fidelity and Charles Schwab replaced fears about regulatory headwinds. BlackRock and Wisdom Tree have submitted applications for spot Bitcoin ETFs, while EDX Markets, the first-of-its-kind digital asset marketplace, is backed by Citadel Securities, Sequoia Capital, and Virtu Financial. The SEC charged Coinbase for allegedly operating as an unregistered exchange and lodged similar allegations against Binance. Federal Reserve Chairman Jerome Powell voiced his support for stablecoins and sees payments stablecoins as a form of money. The Supreme Court ruled in favor of Coinbase's bid to pause customer lawsuits so it can pursue moving the disputes into private arbitration and out of the courts.