The Bitcoin (BTC) price briefly surpassed $29,000 on March 30, recording a new high for 2023, despite recent US crackdowns on crypto companies and related uncertainty.
According to Cointelegraph Markets Pro, the price of Bitcoin hit $29,132.82 on March 30, hitting levels seen just before the crash of cryptocurrency exchange FTX in early November.
The rise comes despite a series of regulatory crackdowns in recent days, such as the United States Commodity Futures Trading Commission suing Binance and its CEO Changpeng “CZ” Zhao on March 27.
The resilience of Bitcoin prices in the wake of such an explosive development surprised many industry commentators. Some believe this is due to speculation that the lawsuit will only result in minor fines for the top cryptocurrency exchange based on transaction volume.
This is a developing story, and more information will be added as it becomes available.
