After dipping below $10k on July 27 and stating in the mid $9k, Bitcoin is back at $10k on July 31st. Though it’s too early to state whether it will continue this bull run or not, we can definitely agree on the volatility of Bitcoin. Bitcoin’s run to $10k could partially be due to remarks made by Mike Crapo, Chair of US Senate banking Committee, during the crypto regulations hearing on July 30th:
“If the United States were to decide we don’t want cryptocurrency to happen in the United States and tried to ban it, I’m pretty confident we couldn’t succeed in doing that because this is a global innovation”