Bitcoin Surges Towards $30K as XRP Price Soars 6% Following Ripple's Legal Win

Bitcoin surpassed $29,500 and is eyeing $30,000 after a speech by Federal Reserve Chair Jerome Powell, which was interrupted by protesters, revealed a conservative outlook on interest rate hikes. Meanwhile, XRP's price jumped over 6% following the news that U.S. regulators dropped criminal charges against Ripple executives. Traders anticipate further gains for Bitcoin, with expectations of a U.S. Bitcoin spot price exchange-traded fund (ETF) approval.