Bitcoin has surged past $30,000, setting a new price high for 2023 and reaching levels not seen since mid-2022.
Bitcoin has climbed to nearly $30,200, marking the first time the cryptocurrency has surpassed $30,000 since June 10, 2022. In the past month, BTC has gained almost 46%, achieving its highest level in ten months on April 11. Analysts predicted that Bitcoin would surpass the $30,000 price point as traders eagerly awaited the United States Consumer Price Index (CPI) report on April 12, which will provide insights into the Federal Reserve’s efforts to combat inflation.
Bitcoin is a digital currency that enables instant payments to anyone, anywhere in the world. Its unique feature is that it is decentralized and operates with no central authority. The network collectively carries out transaction management and money issuance, using peer-to-peer technology. Satoshi Nakamoto released the original Bitcoin software under the MIT license, and most client software uses open source licensing.