Bitcoin hits $30,000 mark for first time since June 2022

Bitcoin climbed above $30,000 for the first time since June 2022, rallying more than 80 per cent since the start of the year.

The rebound is even more intense than a nearly 20 per cent gain on the Nasdaq 100 — with which Bitcoin has tended to move in tandem — and retraces some of the digital token’s losses from 2022 following a series of crypto-related blowups. Still, Bitcoin is down more than 50 per cent from its all-time high in November 2021.

“30k is very significant for both technical and fundamental reasons,” said Mati Greenspan, Quantum Economics chief executive officer.