The price of the cryptocurrency Bitcoin has risen to a record high, reaching its highest level this year.
Bitcoin has crossed the $30,000 mark for the first time in 10 months. It has been seen for the first time since June 2022 that the price of Bitcoin has crossed $30,000 while in this year 2023, its price has increased by 80%.
Similarly, the value of Ether, the world’s second-largest cryptocurrency after Bitcoin, has also reached an 8-month high, with one token worth $1,942.
After the US Federal Reserve eased its tight monetary policy, the value of the cryptocurrency is seeing an increase and the potential for further growth is also evident.
According to experts, the value of cryptocurrencies directly depends on US policies and the impression is being given that their value may increase further.
