Bitcoin, ethereum and other major cryptocurrencies have seen a $200 billion boom in the last two weeks—triggering a shock bitcoin price price prediction.
Highlights
- Bitcoin BTC, ethereum and other major cryptocurrencies have seen a $200 billion boom in the last two weeks.
- Bitcoin price has come within touching distance of $28,000 per bitcoin, its highest since last summer.
- Nearly 200 U.S.
- banks were found to be dealing with similar pressures as the collapsed Silicon Valley Bank (SVB VB ), the Federal Reserve is under pressure to ease back on its inflation-busting interest rate hike program.
- The bitcoin price has fallen sharply over the last year as the Fed ramped up interest rates at a historic pace to drive down soaring inflation.
- The Fed’s response to the SVB-led banking crisis has caused expectations to surge the Fed is poised to reverse course and has already restarted quantitative easing.
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Bitcoin Thrives in Chaos, Breaks Above $28,000 For First Time Since June