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Bitcoin surges past $30,000 for the first time since June 2022

Tags: bitcoin, btc, cryptocurrency.
Posted on 13 April 2023 by "T".

This year has proved to be quite fruitful for Bitcoin, as the cryptocurrency has gained almost 84% so far, making it the top-performing asset in the related market in the first quarter of 2023.

On Tuesday, April 11, the world's first decentralized cryptocurrency Bitcoin (BTC) has finally managed to breach the $30,000 mark for the first time since June 2022.

This latest rally definitely indicates a renewed and still ever-growing interest in cryptocurrencies amongst investors from all over the world.

In the Asian trade, Bitcoin peaked at $30,438 and was last up 1.96% at $30,233. It has grown almost 6% since the beginning of the month, after rising 23% in March.

Tim Frost, CEO of digital asset wealth platform Yield App, said:
"The recent surge in bitcoin's price is like a breath of fresh air after a long, cold crypto winter. This renewed optimism could be attributed to an anticipated shift in the U.S. Federal Reserve's monetary policy, which is expected to create a more stable, and hopefully predictable, environment."

As of April 12, 2023 Wednesday at 3pm CET, the Bitcoin price is $30,278.

The Miraculous Rise of Bitcoin

One big factor that could possibly contribute to Bitcoin's continuous rise in value is - the increasing mainstream adoption of the cryptocurrency.

Major financial institutions such as Visa and MasterCard have announced plans to support cryptocurrency transactions, and major companies like Elon Musk's Tesla have invested heavily in Bitcoin and other types of cryptocurrencies.

As more people become comfortable and confident with the idea of using cryptocurrency in their everyday lives, the demand for Bitcoin could possibly increase, therefore resulting to a rise in its value.

 

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Source: https://www.reuters.com/technology/bitcoin-pushes-past-30000-investors-eye-end-rate-rises-2023-04-11/

 


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84 comments on "Bitcoin surges past $30,000 for the first time since June 2022"

Displaying only the 25 latest comments. To view all comments, please visit the forum thread:
» Bitcoin surges past $30,000 for the first time since June 2022


 dule-vu03/05/2023 06:12:18 GMT
its just silly to spend 30000 $ on one bitcoin! buy car for that money!
 geseco1204/05/2023 11:25:23 GMT
now buying a bitcoin costs almost 30 thousand dollars, this is a lot of money, in the future we do not know if the bitcoin could cost up to 50 thousand dollars as it did at the time.
 dule-vu04/05/2023 11:34:04 GMT
yeah!
 geseco1205/05/2023 16:41:08 GMT
this is a very interesting, if we knew what would happen in a couple of years we would invest all our money, but as this is not possible, at least we can invest a few dollars to get profitability.
 CALICUL05/05/2023 17:23:26 GMT
it can be profitable if we invest something in Bitcoin and it will grow, but with digitization i don't think this will happen. Anyway, people will use this currency for a long time and that's ok.
 geseco1206/05/2023 23:41:31 GMT
We do not know what will happen in the next few years; cryptocurrencies may or may not be the ones we will use, but what we should be aware of is how these currencies move.
 CALICUL06/05/2023 23:49:22 GMT
a lot can happen, of course. Cool
 subsonic07/05/2023 08:24:26 GMT
"The Miraculous Rise of Bitcoin"??? I am laughing about it!! Big Smile
On 11 November 2021 the exchange rate was 68 998,602 Dollar almost exactly one year later (21 November 2022 it was 15 566,954 USD 1 BTC) Lost more than 75% of its value!! Shock
And we are now at around 30000 Dollar !!! I think many people are still at big loss!! Confused Shock Sad
 dule-vu07/05/2023 09:24:49 GMT
Depend on what date they bought it!
 geseco1208/05/2023 04:39:50 GMT
that's why you must have a good management of your money, you must invest the money you are willing to lose, but most people don't do it that way, that's why they get losses, but you must always sell your cryptos for more than what you bought.
 dule-vu08/05/2023 05:12:13 GMT
With bitcoin its different story, now it have this price, but who know what price will be next month!
 geseco1209/05/2023 15:12:09 GMT
I think that the cryptocurrencies where you can be sure that they will always be present in the coming years is bitcoin, usdt, litecoin, ethereum, etc are the safest, every year new cryptos come out but it is very difficult to invest in them, sometimes they disappear from the market.
 dule-vu09/05/2023 15:24:17 GMT
They will be on market, but depend with what value!
 milan_timko09/05/2023 18:18:48 GMT
The current Bitcoin price has been fluctuating over the past few weeks, with the value hovering around $28,000. The value has not been as high as it was in previous years, and we are still in a loss ratio. I think the value of Bitcoin may not be as booming as before. Despite recent fluctuations, Bitcoin is likely to remain a prominent player in the cryptocurrency market for the foreseeable future. As with any investment, it's important to remain patient and monitor the market trends closely. While you may not see immediate returns, holding onto your investment and waiting for the market to stabilize. It's all done in the long term. So don't try to get rich in a day.




 dule-vu09/05/2023 18:39:46 GMT
But its still expensive!
 geseco1210/05/2023 18:02:03 GMT
now bitcoin is expensive, we can not invest until it has a downward trend to be able to make investments in it, sometimes we rush is to invest and we can lose a lot of money in these cryptocurrencies.
 CALICUL10/05/2023 18:41:04 GMT
it is profitable only for those who paid a little money and took or will take a lot of money in exchange. Some people have made fortunes from him and i think they are satisfied. I hope you will also benefit from bitcoin.
 geseco1211/05/2023 18:28:39 GMT
is profitable for all those who are willing to wait until the crypto rises to get profitability, you can talk about up to years being your money standing still to see if you win or lose, these risks are tinee to take in this business.
 dule-vu11/05/2023 20:13:52 GMT
Nobody know what price will be and will it go up!
 geseco1216/05/2023 21:21:41 GMT
That's right, no one knows the future, but sometimes we are guided by the trends of the history of cryptocurrencies over the years, I always hope that cryptocurrencies remain in force and take value.
 CALICUL16/05/2023 21:25:01 GMT
we all have to use virtual currencies if digitization will be universal and i think we can use something more bearable because BitCoin is quite valuable and many people cannot have deposits in this currency/
 geseco1218/05/2023 05:15:27 GMT
now we can make a lot of profit in cryptocurrencies with future, but always with responsibility and also a lot of preparation in these types of investments, hopefully the future of a single global currency.
 dule-vu18/05/2023 06:28:59 GMT
and you will buy some crypto?
 reg6325/05/2023 21:50:00 GMT
it's time to win a major poker tournament and buy bitcoins
 CALICUL25/05/2023 22:06:54 GMT
Posted by reg63:
it's time to win a major poker tournament and buy bitcoins


Good luck Big Smile

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