BTC

$95708.963

-0.58%

ETH

$3323.122

-0.27%

XRP

$2.205

-0.74%

BNB

$663.66

1.00%

Bitcoin

Bitcoin’s Record-Breaking Run Continues, Reaching $31,000

April 14, 2023 - Around 2 mins mins to read

Key Points:

  • Bitcoin crosses $31,000 for the first time in a year, driven by investor optimism and an influx of money into the crypto industry.
  • Bitcoin rallied by over 10% this week, pushing its market cap toward $600 billion
  • BTC has risen around 100% in 2023 alone, starting at $16,000 and trading well above its year-to-date low of $23,721, indicating a present bullish momentum that is likely to continue.
Bitcoin has finally reached a milestone by crossing $31,000 for the first time in almost one year.
image 1062
Source: TradingView

This is a significant achievement for the digital asset, especially considering the uncertainty and volatility that has plagued the market in recent months.

Investor sentiment has recovered drastically, and money is pouring back into the industry. The positive momentum has left a bullish aftertaste in the mouth of investors, who are feeling more confident about the future of the market.

The price of Bitcoin crossed the $31,000 mark in the early hours of Friday, marking a significant milestone for the digital asset. The last time that Bitcoin was at this price point was back in June 2022, a couple of months before the FTX implosion. The months that followed were challenging for the cryptocurrency market, but the recent recovery has signaled a positive shift in the industry.

Bitcoins Record Breaking Run Continues Reaching 31000

Bitcoin has had an impressive week, with the digital asset moving above $30,000 and solidifying its rally. In fact, the asset’s price has seen an over 10% increase in the last week alone, pushing its market cap toward $600 billion. This is a remarkable achievement considering that BTC has now risen around 100% in 2023 alone after starting out the year at the $16,000 level.

As Bitcoin is now trading well above its year-to-date low of $23,721, the present bullish momentum is more likely to continue. However, it is worth noting that a small correction is not out of the question given its growth rate over the last couple of days. Nonetheless, the fact that BTC has achieved such a significant milestone is a positive sign for the digital asset and the crypto market as a whole.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

# Cryptocurrencies

BTC

Record-Breaking

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Bitcoin

Bitcoin’s Record-Breaking Run Continues, Reaching $31,000

Key Points:

  • Bitcoin crosses $31,000 for the first time in a year, driven by investor optimism and an influx of money into the crypto industry.
  • Bitcoin rallied by over 10% this week, pushing its market cap toward $600 billion
  • BTC has risen around 100% in 2023 alone, starting at $16,000 and trading well above its year-to-date low of $23,721, indicating a present bullish momentum that is likely to continue.
Bitcoin has finally reached a milestone by crossing $31,000 for the first time in almost one year.
image 1062
Source: TradingView

This is a significant achievement for the digital asset, especially considering the uncertainty and volatility that has plagued the market in recent months.

Investor sentiment has recovered drastically, and money is pouring back into the industry. The positive momentum has left a bullish aftertaste in the mouth of investors, who are feeling more confident about the future of the market.

The price of Bitcoin crossed the $31,000 mark in the early hours of Friday, marking a significant milestone for the digital asset. The last time that Bitcoin was at this price point was back in June 2022, a couple of months before the FTX implosion. The months that followed were challenging for the cryptocurrency market, but the recent recovery has signaled a positive shift in the industry.

Bitcoins Record Breaking Run Continues Reaching 31000

Bitcoin has had an impressive week, with the digital asset moving above $30,000 and solidifying its rally. In fact, the asset’s price has seen an over 10% increase in the last week alone, pushing its market cap toward $600 billion. This is a remarkable achievement considering that BTC has now risen around 100% in 2023 alone after starting out the year at the $16,000 level.

As Bitcoin is now trading well above its year-to-date low of $23,721, the present bullish momentum is more likely to continue. However, it is worth noting that a small correction is not out of the question given its growth rate over the last couple of days. Nonetheless, the fact that BTC has achieved such a significant milestone is a positive sign for the digital asset and the crypto market as a whole.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News