After marking a new 13-month high yesterday at almost $32,000, bitcoin has been rejected once again and even dipped below $30,000 hours ago.

Most altcoins are also in the red today following the recent gains, except for DOGE, SHIB, OP, and a few others.

BTC Stopped

Most of the working week went by quietly for the primary cryptocurrency as the asset spent it trading sideways in a tight range between $30,000 and $31,000. All that, however, changed on Thursday evening when Judge Torres, presiding over the legal battle between Ripple and the SEC, ruled in favor of the blockchain company in regard to its native cryptocurrency.

BTC, along with the rest of the market, went on the offensive and spiked to just under $31,900 (on Bitstamp), which became the asset’s highest price tag in over a year.

However, bitcoin couldn’t maintain that run and quickly retraced by a grand. The landscape worsened yesterday evening as BTC dumped hard and slipped below $30,000 for the first time in a week.