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.