Bitcoin course achieves annual high due to positive developments in the crypto sector and Bitcoin ETF applications

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The Bitcoin course reaches a new annual high and rises to the highest level this year. With a current price of $ 31,368, Bitcoin has increased by 3.35 percent in the past 24 hours. Compared to the previous week, the plus is 3.75 percent and in the last month the course was even able to increase by 21.1 percent.

The increase in the Bitcoin course is closely linked to the developments related to the Altcoin XRP and the Ripple company. Ripple recently won the court trial against the US stock exchange supervision, which is an important signal for the entire crypto sector. Thereupon other cryptocurrencies such as Ether, Cardano and Dogecoin were able to gain significantly in value. For Bitcoin investors, this increase shows that Ripple's legal disputes have less influence the Bitcoin course.

In addition to the developments around Ripple, the Bitcoin course also increased this year due to its dream performance. Compared to other assets, Bitcoin has done particularly well since the beginning of the year. The view of the halving in the coming year also contributes to the positive mood. In the past, the Bitcoin course has always increased strongly after the halving.

The Bitcoin course receives additional tailwind from the Bitcoin ETF applications from US investment companies such as BlackRock. After a previous rejection, Blackrock has now submitted an application to the SEC and CEO Larry Fleink said Bitcoin Bullisch. Positive signals from Wall Street could bring Bitcoin a further legitimacy and increasing interest of institutional investors.

by chart, little has changed in Bitcoin, but the Bullishe price target of the last analysis has been reached. Further price targets are currently open.

With the current increase in the Bitcoin course, the question arises for many whether it is worth buying Bitcoin. You can find more information in a guide.

It remains exciting how the Bitcoin course will develop in the coming weeks and months. However, the current developments around Ripple, the Halving and Bitcoin ETF applications indicate a possible positive future for Bitcoin.