Bitcoin has shown remarkable resilience amidst the recent banking crisis, as its value has continued to rise despite the economic turmoil.
Highlights
- Bitcoin (BTC) has shown remarkable resilience amidst the recent banking crisis, as its value has continued to rise despite the economic turmoil.
- Since the onset of the crisis on March 10, Bitcoin has surged over 40%, with investors flocking to the digital asset as a safe-haven store of value.
- Despite the recent news of banking contagion with two more banks, Bitcoin is currently trading at $28,249, up 3.46% in the last 24 hours and 26.32% across the week.
- The rapid price rise of Bitcoin has been attributed to several factors, including a growing distrust of traditional financial institutions, increasing adoption of blockchain technology, and the proliferation of decentralized finance platforms.
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