On April 11th, the financial industry reported that Bitcoin has climbed to over $30000 for the first time since June 2022, with an annual cumulative increase of over 80%. This rebound is even stronger than the nearly 20% increase in the Nasdaq 100 index (where Bitcoin often rises in sync with the index)
On April 11th, the financial industry reported that Bitcoin has climbed to over $30000 for the first time since June 2022, with an annual cumulative increase of over 80%. This rebound is even stronger than the nearly 20% increase in the Nasdaq 100 index (where Bitcoin often rises in sync with the index). Nevertheless, Bitcoin is still more than 50% below its historical high in November 2021.
Quantum Economics CEO Marty Greenspan said, "From a technical and fundamental perspective, $30000 is very important. This resistance level has been ongoing for three weeks and has finally been broken. This is the first time we have broken through this level since the Luna coin crash and the collapse of Three Arrow Capital. This basically means that Bitcoin prices have fully recovered from events such as Celsius, FTX, and regulatory crackdowns in the United States
This article originates from the financial industry
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