2023-04-11
Bitcoin is soaring at $30,000 and has hit its highest price since June of last year, while much of the world is on holiday for Easter.
Ref: BITCOIN Price in USD: BTC Live Price Chart News (blocksky.io)
BTC rose to $29,744 amid optimism from various investors. Edward Moya, a market analyst at Oanda, suggests that the surge may be partially due to "buying from crypto traders who are showing frustration on social media about the New York Times' article attacking Bitcoin's energy usage.
" Ether (ETH) also rose before dropping back below $1,900, while other major cryptos, such as ARB, the token of the Arbitrum blockchain Layer 2, increased by over 2.8% and XRP rose by approximately 1%.
The market will still be monitoring the release of
the March Consumer Price Index (CPI) report this week for signs of continued
inflation.
