The post Bitcoin Hits New All-Time High, Surpassing $30,000 Mark! appeared first on Coinpedia Fintech News
Bitcoin has surged to $29,700 following US Federal Reserve Chair Jerome Powell’s suggestion that interest hikes will slow or pause soon. As a result, investor sentiment has improved, leading to a bullish trend in the cryptocurrency market. XRP has seen a rise of 6% to surpass $0.50, following regulators’ decision to drop criminal charges against Ripple executives in a lawsuit. Technical signals suggest that if Bitcoin can surpass $30,000 convincingly, it could target $35,000 next. With this newfound positivity, altcoins like Solana have also seen significant gains of around 10%. Overall, investors are regarding the recent Federal Reserve pivot as a pivotal moment in reigniting the cryptocurrency market.
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