Bitcoin Surges Above $30K, Reaching Highest Price Since June 2022

Bitcoin has surpassed $30,000 for the first time since June 2022, as investors grow more optimistic about US central bank monetary policy and the impact of the recent banking crisis. The cryptocurrency has been seen as a reliable store of value that lacks the issues that come with storing money through a third-party intermediary or bank. Bitcoin is also being perceived as a risk-off asset and is increasingly becoming part of the narrative of de-dollarization. The crypto has decoupled from stocks and shown its increasing appeal as a safe haven for investors.