Investors Monitor Bitcoin's Stability Above $30K Amid Market Volatility.

Despite a recent dip in price, bitcoin could see a 10-20% increase in the next 30 days, potentially reaching $33,000 to $36,000 by August, according to Markus Thielen, head of research for crypto service provider Matrixport. Thielen noted that bitcoin has followed a pattern this year of rising about $10,000 before falling $5,000. As the market approaches Friday’s expiry of bitcoin options contracts, dealers will buy the cryptocurrency in the spot and futures markets, which could lead to an exaggerated price rally or a potential decline. Meanwhile, the SEC has taken a strong anti-crypto stance, but the recent spot bitcoin ETF filings by BlackRock and other asset managers could put pressure on regulators to approve the vehicle.