The price of Bitcoin surpassed US$30,000 on Tuesday, the highest level in 10 months, becoming the asset with the highest return year-to-date as investors become increasingly optimistic that the United States Federal Reserve (Fed) will soon end its aggressive monetary tightening.
The market is keeping an eye on the US consumer price index (CPI) for March, which is scheduled to be released today, as it is one of the major gauges of inflation in the country. The index is expected to drop to 5.1% from 6.0% in February.
