Bitcoin price crossed $30,000 for the first time since June 2022.
For the first time since mid-2022, the price of Bitcoin crossed the $30,000 mark and recorded its highest price in 2023.
The Bitcoin price last went above $30,000 in June 2022. At the time of writing, Bitcoin is above $30,100. The cost of this popular cryptocurrency has experienced a growth of nearly 46% over the past month and has now set a record this year.
The price of Bitcoin is still far from its historical record
While Bitcoin has set a new record this year, its price is still far from its historical record, i.e., more than 60,000 dollars. The cost of this cryptocurrency crossed 60 thousand dollars in November 2021. Of course, in addition to Bitcoin, other cryptocurrencies, such as Ethereum, broke records at that time.
Ethereum price is currently at the border of 1920 dollars, and its price exceeded 1930 dollars for a while. This is while the price of this cryptocurrency broke records in November 2021 and reached above 4600 dollars.
While the price of popular cryptocurrencies has increased in the market, in the past months, we saw the bankruptcy of several exchanges and banks active in the crypto field. Therefore, the market has passed the crises related to these bankruptcies.
In addition to these bankruptcies, in recent months, the Central Bank of America started to change the bank interest rate to deal with inflation, and now it seems that this country has achieved stability; However, a new US inflation report will be released soon, which could affect the price of Bitcoin and other cryptocurrencies. Therefore, we must wait and see if the most popular cryptocurrency in the market can maintain its price above 30 thousand dollars.