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Cryptocurrency Price Today: The biggest cryptocurrency bitcoin has again crossed $30,000. This is the first time since June 2022 that bitcoin has crossed the $30,000 mark. Investors feel that the US Central Bank Federal Reserve may put an end to its strict monetary policy stance, in view of this possibility, a rise in the price of bitcoin is being seen.
In April itself, there has been a jump of 6 percent in the price of bitcoin. In the month of March, there was a rise of 23 percent in bitcoin. But on Tuesday, with a jump of 2 percent, the price has reached $ 30,262. However, it is still trading below its record high. In November 2021, bitcoin went up to a record high of $65000. After which the price had slipped below $20,000.
After the rise in bitcoin, it is believed that it will help in ending the indifference of investors towards cryptocurrency, as well as improving the sentiment of the crypto market. According to the non-farm payroll report in the US, companies have continued hiring in the month of March, due to which there has been a rise in bitcoin.
After the banking crisis in America, it is being speculated that the Federal Reserve will not increase the interest rates further from here in America, after which the brightness has returned in cryptocurrencies. Bitcoin has crossed the $30,000 mark. It is now believed that bitcoin may soon cross $31,000.
Not only is there a boom in bitcoin, but there has also been a boom in the stocks associated with it. And market experts believe that if the macroeconomic factors remain in favor, then the boom will continue even further. Experts believe that the brightness of bitcoin will remain till May 2024.
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