Bitcoin touched a 13-month high on Thursday as the drumbeat for institutional bitcoin demand grew louder following comments from BlackRock CEO Larry Fink.

The cryptocurrency ended the day flat at $30,302.03, according to Coin Metrics. Early in the morning, it climbed to about $31,450, reaching its highest level since June 2022. It gave back those gains, however, after better-than-expected U.S. jobs data increased investor worries about path of interest rates.