Bitcoin's Price Surge Continues with Best Quarter Since 2021.
TL;DR Summary
Bitcoin's price has risen by $1,000 to reach $28,556 on Bitstamp after the opening bell, following encouraging macroeconomic data from the United States, with the February Personal Consumption Expenditures (PCE) index modestly beating expectations in some areas. The fresh gains followed bets on Federal Reserve interest rate hikes pausing in May, with risk assets trading higher in anticipation. The S&P 500 and Nasdaq Composite Index were both up around 0.5% higher at the time of writing. Popular trader Crypto Tony entertained the idea of Bitcoin hitting $30,000 in the short term, with the price having held a key support level at $27,700.
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