26k, injenction, today,

Bitcoin Above $26K on Fed's $300B Injection into US Banks

Mar 17, 2023 · 1 min read · 138 points
Bitcoin Above $26K on Fed's $300B Injection into US Banks
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STX is today’s top performer, having surged by almost 20% to above $1.

Highlights

  • Bitcoin skyrocketed by roughly $2,000 in a day as the US Federal Reserve announced lending $300 billion to certain struggling US banks, including Silicon Valley Bank and Signature Bank.
  • The asset went on a tear in the following days after struggling to remain above $20,000 last Friday amid growing banking issues.
  • The bears finally came up to play and pushed the cryptocurrency south.
  • The altcoins have also turned green today, with ETH reclaiming $1,700, while BNB, MATIC, DOGE, and DOT are up by over 5%.
  • STX is today’s top performer, having surged by almost 20% to above $1.1 trillion.

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