Bitcoin Surges Above $30K, Setting New Highs Since June.

Bitcoin surpassed the $30,000 mark for the first time in 10 months, gaining about 6% since the start of April, as investors bet on the US Federal Reserve ending its aggressive monetary tightening campaign. The surge in the cryptocurrency market follows the banking sector turmoil sparked by the collapse of Silicon Valley Bank last month, which raised market expectations that the Fed is unlikely to lift interest rates much higher for longer. Meanwhile, the Ethereum blockchain is set to undergo a major revamp this week, allowing investors to gain access to more than $33 billion of ether currency.