Bitcoin Recent Price

[Dave1]

Bitcoin has surpassed the $30,000 for the first time since June 2022. It's unclear whether this increase is due to the rise in interest rates or the recent surge in popularity of Dogecoin.

Please, Dogecoin or Elon has no influence on the market, it was due to the Fed news as you have said. Investors and speculators alike are anticipating that good news from them in this week if I'm not mistaken.

But that $30k though remains to be the biggest barrier for now, eventhough we have breach it, I think it might take some time to be able to sustain that price. Unless the news become true then the market will react again, including traditional based. So let's wait, for the positive news.

[CarnagexD]

Bitcoin has surpassed the $30,000 for the first time since June 2022. It's unclear whether this increase is due to the rise in interest rates or the recent surge in popularity of Dogecoin.

Please, Dogecoin or Elon has no influence on the market, it was due to the Fed news as you have said. Investors and speculators alike are anticipating that good news from them in this week if I'm not mistaken.

But that $30k though remains to be the biggest barrier for now, eventhough we have breach it, I think it might take some time to be able to sustain that price. Unless the news become true then the market will react again, including traditional based. So let's wait, for the positive news.

Agree. It is a matter of market conditions and market correlation. If you want to see news in advance you can have it at https://www.forexfactory.com/calendar most risk assets especially BTC is highly correlated with dollar.

Rates goes lower = bonds higher
bonds higher =  Dollar goes lower
Dollar lower = Risk assets go higher (BTC, indices)

News releases such as NFPS, FOMCs, Interest rates, and Unemployment rates mostly drives and surges liquidity to the marketplace.
To sustain price means there is a sustained set of liquidity or willing buyers than willing sellers to where is the price right now.

[CageMabok]

Bitcoin has surpassed the $30,000 for the first time since June 2022. It's unclear whether this increase is due to the rise in interest rates or the recent surge in popularity of Dogecoin.

What does Dogecoin have to do with Bitcoin mate
If you say since 2022, well now Bitcoin is over $30K again which has absolutely nothing to do with Dogecoin because Bitcoin was there before Dogecoin was born into the crypto space. And if you look at the history of Bitcoin prices, the current $30k price is not the first time for Bitcoin because at the beginning of 2021 Bitcoin has also reached a price of over $30K and even throughout 2021 the price continues to look quite fantastic.

But what surprises me a bit is when you say about the recent surge in popularity of Dogecoin that you associate with Bitcoin, the two are very different and I also very rarely see a spike in Dogecoin when Bitcoin crashes in the market. So from which direction are you trying to relate these two things now

[Wong Gendheng]

It's been about 2 days the price is in $ 30k, this makes us have to be optimistic that the bull run will soon occur, maybe the price will not jump directly from $ 30k to $ 100k, but slowly the price will reach at least $ 100k this year, I'm sure April the price can touch at least $ 40K because there is still about 18 days.

[beerlover]

It's been about 2 days the price is in $ 30k, this makes us have to be optimistic that the bull run will soon occur, maybe the price will not jump directly from $ 30k to $ 100k, but slowly the price will reach at least $ 100k this year, I'm sure April the price can touch at least $ 40K because there is still about 18 days.

I agree totally. We had a great month so far and I think that it is going to be even better in the near future. We are looking at something that is changing the market completely, we were going down in 2022 and we are doing so much better this year.

Look at just April, that alone is better than most things we have ever seen so far and I believe that we shouldn't really do anything bigger than this to be happy. I feel like 30k is building a good ground here, it will take a bit of a time but I think it is doing very well so far. This means that we should be very proud of what we have right now and that should not be a big problem, I hope that it gets better and should be considered as a good thing in the future.