Bitcoin price reaches $30,000: Back in March it cost $20,000

The price of bitcoin, one of the world's key cryptocurrencies, has reached almost $30,000, the highest level since July 2022.

Bitcoin was worth about $20,000 on March 9-10, and around $16,000 in January. In the last week, according to Coinmarketcap.com, its price has increased by 7.40%, and in the last 24 hours—by 5.90%. The market capitalization of this cryptocurrency is currently estimated at $579,747,620,199.

Many experts believe that bitcoin will become more and more expensive in the future, especially given the limited supply of bitcoin. To date, people have managed to mine 19.3 million bitcoins, of which about 6 million have been irretrievably lost. In the next 100 years, only 1.7 million bitcoins remain to be mined, of which about 1 million more will be lost.

As for other cryptocurrencies, their price is also increasing today. The price of Ethereum rose by about 3.2%, approaching the $2,000 mark. BNB (4.5% to $327), Cardano (3.5% to $0.4), and Solana (5% to $21) also rose considerably.

Overall, the entire cryptocurrency market rose by 4.26% in one day and currently has a capitalization of $1.24 trillion.

The increase in the exchange rate of cryptocurrencies also took place after the publication of the report on the state of the "non-agricultural" sector of the economy last Friday. According to the report, employers maintained high hiring rates in March, which indicates that the US economy is still holding steady.

In addition, the turmoil in the banking sector caused by the collapse of Silicon Valley Bank reinforced expectations among market participants that the US Federal Reserve is unlikely to raise interest rates considerably in the long term as it hopes to ease the burden on the sector. According to experts at CMC Markets, traders' optimism about the monetary policy of central banks also has led to the rise in the prices of cryptocurrencies.