Bitcoin has reached all-time highs not seen since mid-2022, with the largest cryptocurrency by market capitalization hovering around $30,000 and setting a new peak for 2023.
According to CoinMarketCap data , Bitcoin has slightly surpassed $30,000 and is currently trading at nearly $30,200, a price it hasn't reached since June 10, 2022.
In the last 30 days, BTC recorded gains of almost 46%, reaching its highest level in 10 months on April 11.
Some analysts predicted that it would recover its $30,000 price, as traders await the United States Consumer Price Index (CPI) report on April 12, which will provide insights into the Federal Reserve's battle against inflation.
Since last week, the Crypto Fear and Greed Index has remained firmly in the "Greed" territory, with its latest update on April 11 showing a score of 68 out of a possible 100.
The Crypto Fear and Greed Index aims to numerically present the current "emotions and sentiments" towards Bitcoin and the cryptocurrency market, with the highest score being 100.
The index also reached a score of 68 on March 21, marking its highest level since it recorded a score above 66 on November 16, 2021, just a few days after Bitcoin's all-time high above $69,000 on November 10, 2021.