The largest cryptocurrency by market capitalization, Bitcoin, has reached price peaks last seen in mid-2022, reaching $30,000 and setting a new high for 2023.
According to data from CoinGecko, Bitcoin has now topped $30,000, a price it hasn’t seen since June 10, 2022.
Bitcoin saw gains of around 46% over the past 30 days, reaching its highest level in ten months on April 11.
As traders wait for the United States Consumer Price Index (CPI) data on April 12, which will provide details on the Federal Reserve’s fight against inflation, some analysts expected that Bitcoin would reclaim its $30,000 price tag.
The Crypto Fear and Greed Index has been firmly in the “Greed” territory since last week, with the most recent update on April 11 showing a score of 68 out of 100.