Bitcoin Surges Above $30,000, Marking Highest Price Since June 2022.
TL;DR
Bitcoin has surpassed $30,000 for the first time since June 2022, driven by bets on easier monetary policies and expectations that the banking crisis in the US will force the Federal Reserve to pause rate increases. The digital asset's rapid ascent has seen it beat the Nasdaq 100 tech index's gains by 82% since Dec. 31, 2022. However, persistently low liquidity is a concern for bears who say it distorts pricing and could cause a rapid reversal should central banks stand firm on battling inflation.
Topics:businesscryptocurrency#bitcoin#cryptocurrency#federal-reserve#monetary-policy#traditional-finance
- Bitcoin Rallies Past $30,000 for First Time Since June 2022 Yahoo Finance
- Bitcoin Approaches $30K, Reaching Highest Price Since June CoinDesk
- Bitcoin tops $30,000 for the first time since June ahead of key inflation data; ether nears $2,000 CNBC
- Bitcoin Soars Past $30,000 in End to Crypto Winter. Prices Could Keep Climbing. Barron's
- Bitcoin breaks above $30000 as investors eye end of rate rises Reuters
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