Bitcoin Surges Past $30,000 Amid Slowing Economy and Return to Reality

Bitcoin breached $30,000 for the first time since June 2021, while markets remained mostly unchanged as investors waited for economic data and bank earnings reports. Samsung plans to cut memory chip production, which helped push rivals Micron Technology and Western Digital higher. Alibaba revealed an AI chatbot named Tongyi Qianwen that will eventually be integrated with all its products. Warren Buffet said he was thinking about investing more in five Japanese trading houses. Investors are keeping their fingers crossed for economic indicators this week, including the US consumer price index and producer price index.