Bitcoin (BTC) price is up on June 20, reaching a 14-day high at $28,103. The fresh upside from BTC comes as recent negative news of the SEC cracking down on Binance and Coinbase (NASDAQ:COIN) and bullish traders are likely hopeful that BTC can break its 10-week losing streak.
A primary catalyst for the rally appears to be the growing institutional interest in Bitcoin from companies like BlackRock (NYSE:BLK) and Fidelity Investments, both of which appear to be in the process of filing for a spot Bitcoin ETF.