Bitcoin

<ul><li>Bitcoin marked the $30.4K level as its 10-month-high.</li><li>The BTC trading volume spiked over 89.3%  in the last 24 hours.</li></ul><a href="https://thenewscrypto.com/tag/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> crossed the $30,000 mark, putting an end to its three-week-long consolidation. This largest cryptocurrency recorded its 10-month-high at $30,430, which is the new high peak after a cascade of crashes in 2022 — from Terra Luna collapse, Celsius, and FTX to the recent US bank runs.This breakout is regarded as the crucial checkpoint for analysts to confirm BTC’s <a href="https://thenewscrypto.com/tag/bulls/" rel="noopener noreferrer nofollow">bull market</a>. According to TradingView, BTC surged more than 82% — from $16,622 at the start of 2023 to over $30,400. This price surge triggered the global crypto market capitalization to jump over 54% year-to-date from $793.6 billion to $1.23 trillion. Specifically, the break-out at $30K led the market’s value to rise more than 4%.<h3 id="bitcoin-bull-market-confirmed">Bitcoin Bull Market Confirmed</h3>On the other hand, the US banking catastrophe is seemingly losing its intensity. Evidently, Bloomberg reported the decline in the debt issued by Federal Home Loan Bank (FHLB) system to the four crypto-centric bank giants. From a peak of $340 billion, the debt issued was cut down to $37 billion. This suggested that the crisis is nearing its end. But the <a href="https://thenewscrypto.com/bitcoin-news/" rel="noopener noreferrer nofollow">king crypto</a> was unbothered about the bank runs by hovering within the $27-29K range.Continue reading <a href="https://thenewscrypto.com/bitcoin-at-30k-confirms-complete-recovery-from-terra-and-ftx/" rel="noopener noreferrer nofollow">&#64;TheNewsCrypto</a>

Bitcoin at $30K Confirms Complete Recovery From Terra and FTX

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