During the trading session on Monday, April 10, bitcoin reached a price of 29,173 dollars, climbing about 4.49 percent, according to the site’s data table for digital coins. At 20:09 Moscow time, the momentum was still building as traders tracked prices across exchanges.
By 20:15 Moscow time, bitcoin had pushed higher to 29,198 dollars, confirming a gain of roughly 4.57 percent from the previous close. This marks a notable rebound that captured market attention as buyers stepped in amid ongoing volatility in global financial markets.
The last time bitcoin traded above the 29,000-dollar threshold was June 11, 2022, underscoring how the current move resembles a rare technical milestone reached after a long period of less intense price activity. Analysts often watch such key levels for signals about future direction and investor sentiment.
Anatoly Aksakov, former Chairman of the State Duma Financial Market Committee, commented on the evolving landscape of the cryptocurrency space. He emphasized that the market can be unpredictable and that there is a growing interest in local digital financial assets. While he expressed healthy skepticism about bitcoin, he noted that a substantial portion of the workforce in Russia has become involved in the market, reflecting broader adoption. Aksakov pointed to the recent price uptick as a reflection of heightened risk in the U.S. market, suggesting that investors may seek alternative stores of value during periods of tension. He argued that in times of potential crisis, investors tend to reassess their savings options, which can drive demand for bitcoin as an attractive currency alternative.
In another major development, last year Russia enacted legislation regulating the turnover of digital financial assets (DFA) within the country. The new framework aims to provide clearer rules for trading, custody, and taxation of digital assets, signaling a shift toward formalizing a market that has historically operated with a mix of informal and emerging regulatory oversight. This legal move, together with ongoing price action in bitcoin, has contributed to a broader discussion about the role of digital assets in the Russian financial system and their potential as hedges or speculative instruments under varying macroeconomic conditions.
Market participants continue to monitor whether the current price strength can be sustained, especially in the context of global economic signals such as inflation trends, currency fluctuations, and shifts in risk appetite among investors. The interplay between domestic policy developments and overseas market dynamics remains a key factor shaping price trajectories. Observers stress the importance of staying informed about regulatory changes, liquidity conditions, and technical indicators that could influence short-term momentum or longer-term trends in bitcoin and related digital assets. The evolving regulatory environment, combined with persistent volatility in traditional markets, may keep cryptocurrency markets in a state of heightened activity as traders reassess portfolios and risk exposures on several fronts.