Bitcoin started the week by exceeding $ 30,000

Ripto money markets started the new week with buyers after last week's positive course.

Bitcoin recorded a 10% increase in value as of last week and closed at $ 29,990. During Asian trading hours, purchases started to accelerate again. BTC quickly surpassed the psychological price level of $30,000, which served as resistance last week, and rose to the $31,000 mark. The cryptocurrency, which lost some momentum when European hours entered, maintains its positive outlook and moves horizontally in the range of $ 30,600 - $ 30,800.

What supports the rise in Bitcoin?

Over the past week, it has been a matter of curiosity whether Bitcoin will break the $ 30,000 resistance. The cryptocurrency, which remained resilient with the support of a number of positive developments throughout the week, took an important step to support the $ 30,000 region by gaining nearly 3% in value in the last 24 hours.

On the other hand, the first attempt at $ 30,000 occurred at the beginning of last week with the false news that the spot Bitcoin ETF was approved. Bitcoin, which saw a partial withdrawal after the news was denied, continued its attempts at $ 30,000 throughout the week.

At this point, it seems that crypto investors remain optimistic about the SEC's approval of a possible Bitcoin ETF. On the other hand, while the messages from the Fed indicate that the peak in interest rates has been reached, this recovery can also be seen as a signal that the high interest rate environment is priced in.
#BTC #Bull