Bitcoin has hit its highest price since June 2022, reaching over $30,000 and setting a new high for 2023. The largest cryptocurrency by market cap recorded gains of almost 46% in the last 30 days, reaching its highest level in ten months on April 11. Some analysts predicted that Bitcoin would regain its $30,000 price tag as traders await the US Consumer Price Index report on April 12, which will offer insight into the Federal Reserve’s battle against inflation.
Bitcoin’s recent performance has been marked by increased sentiment of “Greed” in the Crypto Fear and Greed Index, with the latest update showing a score of 68 out of 100. Business intelligence firm MicroStrategy has been an outspoken advocate for Bitcoin and has purchased 140,000 BTC as a strategic asset.
