Bitcoin has hit $30,000 for the first time since last June and has set a new price high for 2023.
Bitcoin has hit price highs not seen since mid-2022 with the largest crypto by market cap touching $30,000 and setting a new high for 2023.
According to CoinGecko data, Bitcoin has slightly surpassed $30,450 at the time of writing, a price it hadn’t reached since June 10, 2022.
In the last 30 days, BTC recorded gains of nearly 46%, rising to its highest level in ten months on April 11.
Some analysts predicted that it would regain its $30,000 price tag as traders await the United States Consumer Price Index (CPI) report on April 12, which will give insight into the Federal Reserve’s battle against inflation.
Since last week, the Crypto Fear and Greed Index has remained firmly within the “Greed” territory, with the latest April 11 update showing a score of 68 out of a possible total of 100.
The Crypto Fear and Greed Index aims to numerically present the current “emotions and sentiments” toward Bitcoin and the cryptocurrency market, with the highest score being 100.