Bitcoin price exceeds 30 thousand dollars

SHAFAQNA TURKEY. According to the data of the analytical company Coinmarketcap, the value of the global market of cryptocurrencies, including Bitcoin (market capitalization of approximately 23,000 cryptocurrencies), increased by approximately 5 percent in just 24 hours, exceeding $1.24 trillion.

The price of bitcoin, the largest cryptocurrency, has risen more than 7 percent in 24 hours as the expectation that the Fed will end its cycle of raising interest rates due to the banking crisis will increase investor appetite for risky assets like bitcoin.

While the price of bitcoin rose to $30,400 in early transactions after the Easter holidays, it is trading above $30,000 as of 07:20 TSI. Thus, the price of bitcoin for the first time since June 2022 exceeds $30,000.

The market capitalization of Bitcoin has also exceeded $590 billion.

Meanwhile, the rise in the value of Bitcoin over the past 7 days has approached 8 percent. The market capitalization of Bitcoin has also exceeded $590 billion.

The price of bitcoin has risen more than 90 percent from its lowest level it saw in the fall of 2022, especially after the highest level at which Fed and Bank of England (BoE) expectations of continued rate hikes have fueled selling pressure in the market. crypto money market.

Bitcoin, which hit an all-time high of $68,990 in November 2021, has lost more than 60 percent of its value since that date.

Ethereum, the second largest by market value, has also gained more than 3 percent in the last 24 hours, hitting the $1,920 mark.