Bitcoin has exceeded the value of $30,000, reaching a level not seen in 10 months. In the past seven days, the largest cryptocurrency in the world has gained over 9% in value. Ethereum, the second-largest cryptocurrency, increased by 4.3% in the last 24 hours, while Dogecoin gained 2.8%.
The increase in Bitcoin’s value may be related to expectations of a slowdown in interest rate hikes by the Federal Reserve, which could make risky assets, such as Bitcoin, more attractive to investors. In the face of financial uncertainty, assets like Bitcoin and gold seem to be a safe haven.
It’s worth noting that at the beginning of the year, the value of Bitcoin was $16,615 per coin, and it has now increased by over 80%. Despite this, to reach the historical record from November 2021 – $69,044, the cryptocurrency still has a long way to go.
