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Bitcoin Breaks Above $30K for First Time Since June 2022

Bitcoin (BTC) moved past $30,000 for the first time since June 10, 2022, as March's banking turmoil faded into the distance and investors grew more optimistic about U.S. central bank monetary policy. The largest cryptocurrency by market capitalization was recently trading at $30,237, up 6.75% over the last 24 hours. Richard Mico, the U.S. CEO and chief legal officer of Banxa said that It’s clear that the market is pricing a slowdown in growth, and in turn a loosening of monetary policy by the Federal Reserve over the course of 2023. A check of the bond market shows the U.S. two-year Treasury note has fallen below 4% from a peak above 5%.

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