Bitcoin (BTC-USD) briefly surpassed the $30,000 mark on Friday after the U.S. Securities and Exchange Commission dropped court charges against two cryptocurrency executives at Ripple Labs, another victory for the cryptocurrency industry, which has been battling threats from regulators on multiple fronts.

Bitcoin’s rise, which jumped 5 per cent in the past day, allowed it to surpass the $30,000 mark for the first time since August. Other digital assets also rose, including the XRP token (XRP-USD) issued by Ripple. Bitcoin is up more than 80 per cent for the year.

The rally marked the end of a volatile week for crypto investors, who found reason to cheer in a series of legal developments, market chatter and rumours related to the SEC, which is attempting a large-scale crackdown on the crypto industry. The regulator has sued a number of major players including Coinbase (COIN) and Binance.