The first cryptocurrency reached the “round” mark for the second time in a week.
Over the past 24 hours, Bitcoin has risen in price by 4.03%, according to CoinDesk data, to $29,632. And at its peak, the rate even briefly surpassed the $30,000 mark. The weekly growth of the largest cryptocurrency can reach 10%, and this is the best figure since June 23, when it was 17%. The Ethereum cryptocurrency added 2.5% over the past day to $1,607.53, and the weekly growth was 4.3%. It is noteworthy that for the first time in 16 years, the benchmark yield on 10-year US Treasury bonds briefly exceeded 5%: previously, this factor would have had a negative impact on the Bitcoin rate, but not now, when the US Securities and Exchange Commission (SEC) is expected to will approve a cryptocurrency-related exchange-traded fund (ETF) for the first time, which could happen as soon as the end of the year.
In January, analysts predicted that in 2023 the Bitcoin rate would range from $5,000 to $25,000, depending on the conditions and decisions of the US Federal Reserve.
