Bitcoin Price Surges Above $30,000 – Crypto Bulls Getting Excited
Bitcoin rose over 4.6% to near $30,000, while Ethereum surged above $1,900 for the first time since August.
The gains are part of a broader rally in the crypto market that began at the start of the year, supported by a range of bank runs that have called into question the resilience of centralized banking options.
This has led to increased interest in de-dollarization, with countries buying gold and BTC to gain independence from the U.S.
On Wall Street, Monday’s trading session saw a mixed bag, with U.S. stock indexes remaining relatively unchanged. Investors have focused on Ethereum’s Shapella upgrade in the crypto market, which will go into effect on April 12.
Bitcoin’s rise has been attributed to interest rate hikes that are no longer viable, causing inflation to become unhinged. Meanwhile, Coinbase’s Co-Founder and CEO tweeted that his firm plans to integrate Bitcoin’s Lightning Network.
READ MORE: Bitcoin: Almost $160 Billion Worth of BTC Remain Inactive for Years
According to industry veteran Samson Mow, Bitcoin has demonstrated resilience, with the price returning to $30k despite efforts to stop its growth.
In addition to Bitcoin and Ethereum, other cryptocurrencies such as XRP, Cardano, and Solana have also experienced gains.
There has been a significant rise in the number of cryptocurrency wallets holding at least 1 BTC, with the figure coming close to one million holders.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
