Bitcoin Surges Above $30,000, Marking Highest Price Since June 2022.

Bitcoin has surpassed $30,000 for the first time since June 2022, driven by bets on easier monetary policies and expectations that the banking crisis in the US will force the Federal Reserve to pause rate increases. The digital asset's rapid ascent has seen it beat the Nasdaq 100 tech index's gains by 82% since Dec. 31, 2022. However, persistently low liquidity is a concern for bears who say it distorts pricing and could cause a rapid reversal should central banks stand firm on battling inflation.