For the first time in 10 months: bitcoin soared to a record high

This growth of the cryptocurrency rate was recorded for the first time since June 10, 2022.

The cost of bitcoin (BTC) on April 11 exceeded $30 thousand for the first time since June 10, 2022. The relevant information follows from the data site CoinDesk.

The value of Bitcoin time increased by more than 5%, amounting to $ 30.194 thousand Later, the indicator accelerated growth to the level of $ 30.347 thousand (+7.15%).

On the eve of the bitcoin value exceeded $ 29 thousand for the first time since June 2022. At its peak, the cryptocurrency price reached $29,284.3, after which it fell down, remaining above the level of $29 thousand. At the beginning of 2023, the Bitcoin rate was at $16.5 thousand.

Earlier, on April 3, BitRiver financial analyst Vladislav Antonov told Izvestia that Bitcoin appreciated the dollar by 72% to $28,465 in the first quarter of 2023. According to him, the quotes’ growth was promoted by the lifting of coronavirus restrictions by China due to which the demand for risky assets increased. Also of importance is the slowdown in inflation in the U.S.

On March 14, Capital Lab partner Evgeny Shatov explained to Izvestia that the bitcoin exchange rate increased noticeably amid the news about the launch of a government program in the United States, the purpose of which is to provide local banks with access to liquidity to cover deposit obligations.