Bitcoin surpasses $30 000 for the first time since June 2022

On the morning of April 11, the value of the asset on the Binance crypto exchange reached $30 430

11.04.2023 - 07:20

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What’s new? The rate of the first cryptocurrency managed to overcome the psychological mark of $30 000 for the first time since June 2022. On the morning of April 11, the value of 1 BTC on the cryptocurrency exchange Binance reached $30 430, having corrected to $30 047 by 07:00 UTC. Over the past 24 hours, the asset showed an increase of 6,3%, and over the week by 8,4%.

BTC chart on Binance

BTC situation. The growth of bitcoin has led to an increase in the rates of other cryptocurrencies. Thus, over the past 24 hours, the total capitalization of the crypto market increased by 4,02% and reached $1,23 trillion. Bitcoin dominance is at 47% and Ethereum at 18,7%. Earlier, BTC mining difficulty also reached a record level, increasing on April 6 by 2,23% to 47,89T.

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The number of bitcoins inactive for two years also reached an all-time high in April, with a 53% figure. Analytics firm Santiment said that the current continued rise in long-term bitcoin holdings could signal the beginning of a bull market. A similar trend was seen from January through April 2021, when the BTC rate rose above $64 000 for the first time and hit a high of $69 000 in November.

On April 6, analyst Michaël van de Poppe predicted BTC would rise to $50 000 in the coming months.

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