Bitcoin BTC Price Hovers Over $30.3K Despite Renewed Inflation Worries

Bitcoin, the largest cryptocurrency by market capitalization, was recently trading at $30,374, a 1% gain from Wednesday, same time. BTC has been on a roller coaster ride the past couple of days, albeit the kiddie version, rising above $31,000 briefly on Tuesday after a news story that Fidelity Investments would join BlackRock in the queue of financial services giants applying for spot bitcoin ETFs, but sinking below $30,000 on Wednesday as investors paused to consider the timing of an SEC approval and inflationary pressures.