Bitcoin Jumps as Traditional Firms Tap Crypto

Bitcoin has risen 9% over the past 24 hours, breaching $29,000 for the first time since early May, according to CoinDesk. It briefly topped $30,000 in April before falling amid a regulatory crackdown.

Ether is up over 6% Wednesday, while the Binance token, BNB, is up almost 3%. Over the weekend, Binance’s U.S. arm avoided the broad asset freeze requested by the SEC. Binance has been hit by lawsuits for illegally serving U.S. customers.