Bitcoin’s price has surpassed $28,000, representing a 16% increase in value over the previous week.
According to MarketPro statistics compiled by Cointelegraph, Bitcoin’s price surpassed $28,000 on March 19, representing a 16% increase in value over the preceding week.
The top cryptocurrency traded at $28,063 when writing, a 2.4% gain over the previous 24 hours. The price peaked at $28,459 throughout the day’s trade before dipping to $26,877 at the day’s low.
Bitcoin has gained almost 37% over the US dollar this week. Bitcoin’s market value increased by $194 billion in 2023, reflecting a year-to-date gain of 66%, beating Wall Street bank equities, particularly in light of mounting worries of a worldwide financial crisis. Bitcoin is up over 65% this year, compared to the S&P 500’s 2.5% increase and Nasdaq’s 15% drop.
In the wake of last week’s events, which included the closure of Silvergate and the subsequent seizure of Signature Bank and Silicon Valley Bank by regulators, the valuations of smaller banks in the United States have continued to provoke alarm.
According to statistics from Companies Market Cap, the $2 billion transaction reflects a significant discount to Credit Suisse’s market value on March 17, which was roughly $8 billion.
Former Coinbase chief technical officer Balaji Srinivasan said on Twitter that a looming global financial crisis might propel Bitcoin over $1 million in just 90 days. According to Srinivasan’s prediction, a U.S. financial crisis would lead to hyperinflation and a Bitcoin price in the seven-digit range. Srinivasan is wagering $2 million on Twitter based on his estimate of the future of the U.S. economy and its possible influence on the value of Bitcoin.
Bitcoin’s price has surpassed $28,000, representing a 16% increase in value over the previous week. According to MarketPro statistics compiled by Cointelegraph, Bitcoin’s price reached $28,000 on March 19, representing a 16% increase in value over the preceding week.
The top cryptocurrency traded at $28,063 when writing, a 2.4% gain over the previous 24 hours. The price peaked at $28,459 throughout the day’s trade before dipping to $26,877 at the day’s low.
Bitcoin has gained almost 37% over the US dollar this week. Bitcoin’s market value increased by $194 billion in 2023, reflecting a year-to-date gain of 66%, beating Wall Street bank equities, particularly in light of mounting worries of a worldwide financial crisis. Bitcoin is up over 65% this year, compared to the S&P 500’s 2.5% increase and Nasdaq’s 15% drop.
In the wake of last week’s events, which included the closure of Silvergate and the subsequent seizure of Signature Bank and Silicon Valley Bank by regulators, the valuations of smaller banks in the United States have continued to provoke alarm.
According to statistics from Companies Market Cap, the $2 billion transaction reflects a significant discount to Credit Suisse’s market value on March 17, which was roughly $8 billion.
Former Coinbase chief technical officer Balaji Srinivasan said on Twitter that a looming global financial crisis might propel Bitcoin over $1 million in just 90 days. According to Srinivasan’s prediction, a U.S. financial crisis would lead to hyperinflation and a Bitcoin price in the seven-digit range. Srinivasan is wagering $2 million on Twitter based on his estimate of the future of the U.S. economy and its possible influence on the value of Bitcoin.
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