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It is a understatement to say that 2022 is a difficult period for cryptocurrencies. After experiencing long-term price increases and investor joy, last year witnessed the arrival of a cryptocurrency winter, causing the price of Bitcoin to plummet, the company to go bankrupt, and wiping out over $1 trillion from the market, without mentioning the collapse of FTX

On April 11th, the world's largest cryptocurrency by market value, Bitcoin, rose above $30000, reaching its highest price since June last year.Bitcoin's trend over the past 24 hours

[Article/Observer: Xige, editor/Zhang Guangkai]On April 11th, the price of Bitcoin broke through the $30000 mark, and the virtual currency market showed a resurgence trend, with a cumulative increase of over 80% since the beginning of this year. Just the night before, the Tiktok APP started to display the information about the price of Bitcoin in the currency circle

As 2022 draws to a close, Bitcoin will usher in 13 consecutive years of record market prices. Historical records show that in these 13 years, there will be a "Christmas rise" in December of 7 years, and a negative return in December of 5 years

Bitcoin (BTC) prices have shrugged off concerns about sudden changes in long-term dormant wallets, as well as ongoing regulatory uncertainty surrounding Coinbase's lawsuit against the US Securities and Exchange Commission due to unclear encryption rules, and have rebounded strongly to a level of over $28000 for the first time in four days.This may be due to a surge in technical buying before the 50 day moving average of $27200, as well as recent support from a low point slightly above $27000

With the emergence of the world's largest digital asset Bitcoin (BTC) tank, CoinnapeSell's decline in the broader cryptocurrency market has increased by 5%, dropping below $29000. As of the time of publication, the trading price of Bitcoin has decreased by 4

Author: GregCipolaro, Global Research Director, NYDIG Compiled by WEEXBlogSummary: Bitcoin, as a non sovereign means of storing value, may be seen as an effective investment choice and hedging tool for those seeking to protect themselves from the conspiracies of politicians and monetary policymakers.Reading summary:The debate on the US debt ceiling is coming ahead of schedule due to the decline in tax revenue, which may highlight the importance of Bitcoin

As of early Wednesday morning, the trading price of Bitcoin was approximately $28400, an increase of approximately 3.7% within 24 hours

The CoinDesk Market Index (CMI), which tracks the performance of the broader encryption market, plummeted by 5.6% within an hour

According to cryptocurrency analysts' predictions, due to the "halving" mechanism limiting the supply of new tokens, the rebound in Bitcoin is only the beginning of a new round of upward trend, which will exceed $50000 next year.This largest digital asset has risen 67% since December 31st, partially recovering from the astonishing decline in 2022

Highlights of the storyBitcoin prices have slightly increased as it has returned to levels above $28000, while a bearish cloud continues to envelop the cryptocurrency sector.In addition, seemingly confused counterfeit coins are expected to reach their main support levels before being promoted to the next stop

The largest cryptocurrency by market value rose to $30000 earlier in the day, causing short sellers to close their positions by over $70 million in the past 24 hours.Nearly $200 million in liquidationAccording to Coinglas' data, the cryptocurrency market has cleared $195 million in the past four hours, with over 77000 traders cleared