The price of Bitcoin surpassed $30,000 on June 21, marking the first time it has reached this level since April. The world's leading cryptocurrency experienced a growth of nearly 10%, peaking at the $30,749.45 mark at around 12:35 PM ET. However, later that day, the price of 1 BTC began to decline again.
$30,000.
— Bitcoin (@Bitcoin) June 21, 2023
Bitcoin had previously surpassed the $30,000 mark in mid-April, after which its value gradually declined.
The Internet Protocol
The surge in Bitcoin's price comes despite the prevailing economic uncertainty and regulatory actions targeting some cryptocurrency exchanges. Just last week, Bitcoin's price dipped below $25,000 for the first time since March, following regulatory lawsuits against Binance and Coinbase, as well as the Federal Reserve's announcement that it would not raise interest rates this month but might consider doing so aggressively later in the year. These factors had created uncertainty regarding the future of the cryptocurrency market.
It's worth noting that Bitcoin's price remains significantly lower than its all-time high of over $64,000 reached in late 2021.
