Bitcoin dipped toward $30,000 but managed to bounce off that level and stands a few hundred dollars above it now as well.

Most altcoins are also slightly in the red today, with ADA, SOL, MATIC, and DOT dropping the most from the larger caps.

BTC Defends $30K

The primary cryptocurrency experienced enhanced volatility at the end of the business week, alongside the rest of the market, following Ripple’s landmark victory against the SEC. Following the judge’s ruling that almost all XRP sales do not constitute security transactions, BTC jumped from under $30,500 to a new 13-month peak of over $31,800.

However, it failed to keep this momentum going and retraced by several hundred dollars by Friday. Then came a more violent rejection that pushed it south to just under $30,000 for the third time that week.

The bulls stepped up once more and helped BTC reclaim that round-numbered milestone by Saturday. The weekend, as usual, is significantly less eventful, but bitcoin still dipped to $30,050 (on Bitstamp) earlier today.