According to the CoinGecko analytics service, Bitcoin has breached the $30,000 mark for the first time since June 2022. At the time of writing, the price of the cryptocurrency is $30,132.
Bitcoin’s rally, which began in January 2023, does not intend to stop: after several weeks of being at $29,000, the first cryptocurrency has reached a new milestone, surpassing $30,000.
Analysts attribute the growth of BTC to the release of monthly data on the US Consumer Price Index scheduled for April 12. According to CoinTelegraph experts, the drop in inflation reflected in the report will allow Bitcoin to continue increasing in price.
According to financial analyst Yashu Gola, in case of unforeseen circumstances, the cost of BTC could return to the level of $25,000. In such a development scenario, growth could stop for a long period of up to 200 weeks.
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