Bitcoin Breaks $30K Amid TradFi Push Into Crypto

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Bitcoin Breaks $30K Amid TradFi Push Into Crypto
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$BTC has broken $30,000 for the second time this year amid bullish sentiment in the market following a number of TradFi players pushing further into crypto. The last time bitcoin reached this level was in April of 2023, according to tradingview data.

Bitcoin has broken $30,000 for the second time this year amid bullish sentiment in the market following a number of traditional finance players pushing further into crypto.

The cryptocurrency has gained more than 10% over the past 24 hours. The last time bitcoin reached above $30,000 was on April of 2023, according to TradingView data. "It seems that the crypto market is going to be completely restructured in the country by the biggest investment firms in the near future," Ruslan Lienkha, chief of markets at Web3 crypto and fiat service provider YouHodler, wrote in an email to CoinDesk."More investors will have access to crypto investments with much lower risks.

The cryptocurrency's rally comes as several TradFi giants including BlackRock, Invesco and WisdomTree

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