On March 30, the price of Bitcoin briefly crossed the $29,000 mark, setting a new high for 2023. This growth has occurred in spite of a number of regulatory crackdowns, including a lawsuit filed by the US Commodity Futures Trading Commission against Binance and its CEO Changpeng “CZ” Zhao. The recent price rebounds, according to traders, may have been caused by large-volume traders reinvesting rather than by fundamentals. Despite hiccups in the world banking sector, the Crypto Fear and Greed Index has been rising steadily over the past month.
Bitcoin price briefly hits $29K despite recent Binance crackdown
