Bitcoin Surges Past $30K Amid Growing Interest from Traditional Finance and ETF Filings.

Bitcoin (BTC) reached $30,000 for the first time since April, erasing weeks of downside and adding over 20% versus local lows below $24,800 seen on June 15. The surge was attributed to various announcements of legacy finance applying to launch a Bitcoin exchange-traded fund (ETF). On-chain monitoring resource Material Indicators focused on $30,000 as an important level to overcome, while others turned their attention to what they considered more organic BTC price action compared to recent local highs.