Bitcoin (BTC) has hit price highs not seen since mid-2022, with the largest crypto by market cap reaching $30,000 and setting a new high for 2023.
According to CoinGecko dataBitcoin has slightly topped $30,000 and is at almost $30,200 at the time of writing, a price it hadn’t hit since June 10, 2022.
Over the past 30 days, BTC posted gains of almost 46%, reaching its highest level in ten months on April 11.
Some analysts predicted it would rebound to its $30,000 price as traders wait for the US Consumer Price Index (CPI) report on April 12, which will give insight into the Federal Reserve’s battle against inflation.
Since last week, the Crypto Fear and Greed Index has remained firmly within “Greed” territory, with the latest on April 11. update showing a score of 68 out of a possible total of 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 hit a score of 68 on March 21, marking its highest level since recording a score above 66 on November 16, 2021, just days after Bitcoin’s all-time high of over $69 was recorded. 000 on November 10, 2021.
Related: Bitcoin Price Will Hit This Key Level Before $30K, Survey Says
Michael Saylor, the founder and CEO of business intelligence firm MicroStrategy, has been an outspoken proponent of BTC and has been leading the charge for corporations to embrace cryptocurrency as a strategic asset.
MicroStrategy has aggregate billions in Bitcoin to his balance sheet, he currently owns 140,000 BTC as of April 5 for a total purchase price of $4.17 billion.
With an average price of approximately $29,803 per coin, the latest price increase means that MicroStrategy has made a profit on its investment.
MicroStrategy has acquired 1045 #bitcoin for ~$29.3M at an average price of $28,016 per bitcoin. As of 4/4/2023 @MicroStrategy owns 140,000 bitcoins purchased for ~$4.17 billion at an average price of $29,803 per bitcoin. $MSTR https://t.co/IBufTxalnv
—Michael Saylor⚡️ (@saylor) April 5, 2023
MicroStrategy has been steadily increasing its BTC holdings since its first purchase in August 2020, even with the ongoing cryptocurrency bear market.
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