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Bitcoin Maintains $30K as ‘the Economy Isn’t Breaking Just Yet’

Most major digital assets are beginning the East Asia trading day well into the green, as positive economic data from the U.S. buoyed markets. Bitcoin was up 1% and trading at $30,585, while ether is up 0.9% and trading at $1,874, according to CoinDesk data. Layer 2 tokens, such as Arbitrum and Polygon were also in the green with ARB recently up 5.4% and MATIC 3%. The CoinDesk Market Index (CMI) was also up 1.4%. Bitcoin trades above the 30,000 level investors are waiting to see if the rally can continue. During a recent appearance on CoinDesk TV, Moya predicted that bitcoin could reach $40,000 before the end of the year.

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