Bitcoin Recent Price

[Sidra101]

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.

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[DeathAngel]

It’s nothing to do with Dogecoin, which by the way, is a total shitcoin being pumped & dumped by Elon for his own fun & probably financial gain.

The financial world is a mess, inflation is killing peoples savings so they flock to better investments than fiat banking products, eg bitcoin. The halving is coming & people in the know are aware of what happens to the proce after the halving.

I don’t think we’ll see a new all time high in 2023 but 40k is possible.

[shanz]

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.

According to news, one key reason behind bitcoin’s recent performance is likely to be that analysts expect the United States’ Federal Reserve to stop raising interest rates – and possibly begin lowering them.
I think the situation will stay unclear until we get more indicators... Every massive buy of BTC is considered as risky in the moment.

[moneystery]

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.

From the news I read, the price of Bitcoin rose to USD 30,000 as investors saw that the US economy was doing well, and that the FED would be ending their rate hikes, and waiting for good news from upgrading the Ethereum network. These positive news that makes BTC price increase and it has nothing to do with DOGE.

[Jawhead999]

Bitcoin price never influenced from any altcoins, but most of altcoins price are following Bitcoin price.

Dogecoin is already popular as a meme coin, but Elon Musk just trolling around about Doge in Twitter and many stupid people taking that's joke too serious.

I think the situation will stay unclear until we get more indicators... Every massive buy of BTC is considered as risky in the moment.

How you can make sure there's a massive buy of BTC at the moment? you can see today the Bitcoin volume is $24 Billion while when Bitcoin was $27K the volume is higher, it's $48 Billion.

[Zaguru12]

Just like what DeathAngel said the news around dogecoin is just hype and most people are just buying for the sake of FOMO. Bitcoin has been on the raise since the turn of the year and has moved up to 80% of last years ending value of $16k. The surge is greatly influenced by the recent bankruptcy saga faced by many notable banks like Silvergate and Silicon Valley.

Also the continued political threat to the dollar as an international exchange currency has driven some people towards saving in valuable assets like the gold and bitcoin.

[majeed]

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.

It's a sight to behold how Bitcoin's value skyrocketed beyond everyone's expectations. The reason for this could be attributed to the recent surge of Dogecoin's popularity and the spike in interest rates. It's pretty interesting how people's fancy can switch so quickly when it comes to digital currencies. Makes me ponder if we're witnessing a new era where conventional banking methods won't hold as much significance as they used to.

Inflation is totally going through the roof these days, and people are getting super worried about their savings. That's why a lot of folks are turning to investments like Bitcoin, hoping to keep their money safe. It's crazy, but it's actually kind of an exciting time to be into finance, you know?

[KingsDen]

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.

I think this topic best fits in speculation....

I don't know how you come about to even reason that Elon's dodge could be the reason bitcoin is at $30k. It is ridiculous to even imagine or conceive. Since we have know this market, it has always been Bitcoin the king who drives the market. When did the king hand over the mantle of driving the market of a meme dodge?
Bitcoin good performance should be related to Fed decision of not raising the interest rate and again as bitcoin halving is approaching, many are trooping in to secure their place .

[electronicash]

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.

It's a sight to behold how Bitcoin's value skyrocketed beyond everyone's expectations. The reason for this could be attributed to the recent surge of Dogecoin's popularity and the spike in interest rates. It's pretty interesting how people's fancy can switch so quickly when it comes to digital currencies. Makes me ponder if we're witnessing a new era where conventional banking methods won't hold as much significance as they used to.

Inflation is totally going through the roof these days, and people are getting super worried about their savings. That's why a lot of folks are turning to investments like Bitcoin, hoping to keep their money safe. It's crazy, but it's actually kind of an exciting time to be into finance, you know?

nothing to do with doge. but this i think is because the investors are already seeing this coming which we have been down to the bottom and its about time that BTC will go up.  they are also hedging against the dollar that seem to be dumped by different countries so its a good time to get into BTC which we are seeing its reaching higher highs.

bank crisis continues so its really time not to be a boomer.

[Razmirraz]

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.

How can you attribute Bitcoin's recent recovery to Dogecoin, there is no connection at all. Dogecoin is still trying to rise from its slump and Elon Musk is behind it, while Bitcoin's recovery has nothing at all to do with the meme coin Elon Musk has backed.
Investors are starting to realize that fiat currency continues to slowly lose value, they believe in Bitcoin more than any other investment. Bitcoin has been able to survive and is still the top Cryptocurrency since many years it is very unlikely that Bitcoin will fail due to its huge usage and growth. If you were holding Bitcoin when the price was $25k, you would be part of a recent recovery scenario.

[kryptqnick]

I've seen some at Forbes linking the overall recent rise of Bitcoin to the fall of Silicon Valley Bank, and yes, to fed interest rate increase. While IMO the increase is small, it's apparently enough to affect the stock and crypto markets. Like others in the thread, I don't think the growth is due to anything related to Dogecoin. When Bitcoin is on the rise, it can inspire a boost for some altcoins, but what happens to a particular altcoin doesn't usually affect the growth of Bitcoin itself. Moreover, Dogecoin is actually almost 12% down over the last 7 days, while Bitcoin is 8.7% up.

[hZti]

How should this be connected to dogecoin, when dogecoin does not even pump as much as bitcoin. It could be vice versa that region goes up because it also looks very promising for bitcoin in the last weeks. That the rising interest rates do benefit bitcoin or crypto does not make sense at all. Its more that the retarded FED does benefit bitcoin and for sure many people in the banking indistriy already look at exit strategys.

[Asuspawer09]

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.

I think the Bitcoin adaptation expand in a lot of countries recently in my country there are a lot of platforms already started to adopt and add Bitcoin to their platforms, and you can start to buy cryptocurrencies on their platforms. Bitcoin halving is also a trend next year so it helps a lot to boost the Bitcoin market price as well, a lot of investors are accumulating a lot of Bitcoin for sure.

Cryptocurrency hype is starting so it would make sense that we see a big spike in the market price, if we look at the news and articles online we can see a lot of cryptocurrency hype.

[wahyuagung26]

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.

We do not agree that the reason for the increasing Bitcoin price pump is due to Dogecoin, it does not make sense this is the background reason, quite the opposite that the truth is that Altcoins always follow the Bitcoin price, this is entirely due to the growing Investors and also the demand from the supply and Adoption that continues to increase, there may be several reasons behind the pumping of the Bitcoin price, but to say that it is influenced by Dogecoin I think this is wrong.

In this year Bitcoin has reached $ 30k after a few months ago Bitcoin has given signs of increasing prices and maybe now it has reached $ 30k in april, maybe this will continue to be pumped but our hope is that Bitcoin will reach higher prices in the end of the month or the following months and if predicting reaching a new ATH this is a prediction that is difficult to say this year.

I don’t think we’ll see a new all time high in 2023 but 40k is possible.

Yes maybe expecting a new record high or ATH in the last year will be difficult, but moving on pumping towards $40k or more maybe even this is our hope here, and I think this will happen when price continues to pump and not follow by a price correction maybe this will be achieved quickly, but sometimes a correction will follow even with a slight correction, this is a good achievement in the past few days and also this month.

[Mr.suevie]

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.

I guess it's typical clear now that this year is certainly a good year for bitcoin, since from the beginning of the year there have been many speculations on to whether we are going to experience a bull run but many bitcoin enthusiast suggested the early rise in January was a trap for investors but I guess that doubt is clear now as bitcoin continues to push forward ahead of the halving where an expected new ATH will be met. But I think this rise in price is not because of any news related to doge coins, I just it's because of the adoption of more people moving to better investment options as bank continues to fail and prove unreliable.

[indah rezqi]

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.

We do not agree that the reason for the increasing Bitcoin price pump is due to Dogecoin, it does not make sense this is the background reason, quite the opposite that the truth is that Altcoins always follow the Bitcoin price, this is entirely due to the growing Investors and also the demand from the supply and Adoption that continues to increase, there may be several reasons behind the pumping of the Bitcoin price, but to say that it is influenced by Dogecoin I think this is wrong.

In this year Bitcoin has reached $ 30k after a few months ago Bitcoin has given signs of increasing prices and maybe now it has reached $ 30k in april, maybe this will continue to be pumped but our hope is that Bitcoin will reach higher prices in the end of the month or the following months and if predicting reaching a new ATH this is a prediction that is difficult to say this year.

Great, you have a very correct assumption as we don't get any correlation between dogecoin and bitcoin since January. Bitcoin is indeed a good time to rise and recover from dump in 2022, it is clearly time regardless of whatever issues underlie its rise. Recovery is expected to continue throughout 2023, but I still think we will get correction at some junctions. The FED may have an effect on the price, but I'm not sure how much of a correction will occur ahead of the 2024 halving.

[lionheart78]

The recent price hike of Bitcoin has nothing to do with Dogecoin, just like the earlier reply, the increase of price of any altcoin may take away supposedly entering funds for Bitcoin market, thus altcoin price increase may produce opposite effect to Bitcoin market.

One of the articles [1] I read stated that there is no reason for Bitcoin increase except for the market sentiment and strong investor confidence which is a sign of the market sentiment going bullish.  it is also stated that the current price increase is also a sign of Bitcoin getting out from the so called crypto-winter.

I don’t think we’ll see a new all time high in 2023 but 40k is possible.

It is too early for a new all-time high which supposes to happen a year after Bitcoin halving event.  But I welcome such an event if it is bound to happen this year.  This means Bitcoin holders will have a greater year ahead.


[1] https://www.coindesk.com/markets/2023/04/11/bitcoin-shorts-take-on-87-of-futures-liquidations-as-btc-crosses-30k/

[Sim_card]

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.

Doge coin price has no impact on the increase on bitcoin price and it can't control bitcoin price,instead it is bitcoin price that will control doge coin. It is clear that investors have seen that fiat currency is not a secured means for them to pile up their asset and even the USD has depreciated. Investors is looking for a means in which they can use to stake their funds,bitcoin is the only option to this because inflation is less to problem to it.
Bitcoin price reached 30k and would keep on moving up,since we are expecting the halving next year. Right now I am looking forward to see bitcoin price move upward to 32k,due to the principle of demand and supply.
Gracias

[GeorgeJohn]

Bitcoin is the brain behind any other coins increment and any coin have a green colour tapped it from bitcoin, and value chenage of bitcoin is determined my the quantity demands of bitcoin in cryptocurrency marketcap, and the results of its degradation is determined by the quantity supply,  so therefore what triggers bitcoin acceleration is when the demands of bitcoin is higher the supply, and another thing that triggers bitcoin increment in the market is when investors comes in to cryptocurrency and invest more. So Elon dogecoin can not be the brain behind bitcoin experiencing a positive in the market this year.

[STT]

Generally apprehension vs rate rises and potential recession, collapse with all sorts of long term fallout effects from the epidemic have retreated.  One of the largest effects of inflation is loose monetary standard which is bad overall but good for alternatives to Dollar most likely.   Its bad for the economy because people are not paid properly, the price certainty of some goods is disrupted and so it will impede business done and efficiency generally can fall.   It does mean debt is cheaper to service which is why government continually implements policies which bring about inflation.

  BTC will rise along with alot of alternatives to Dollar so long as the Dollar continues to lose value and its a valid alternative, it encourages greater usage.  We still have high volatility but the swings in sentiment can take us all the way back to the ATH price for sure.  I dont think that full range of movement occurs this year entirely but it was never impossible for a recovery. The main concern for BTC is the usability not its pricing which is speculative.  There is always a higher and a lower estimate for future BTC pricing, one is a speculative hyped line this is parallel to the base price for BTC which is more about usage and rising population of potential and actual users; all of that has improved I believe despite the 2022 pullback.