Bitcoin sees a new nine-month high as BTC price action taps $27,000.
Highlights
- Bitcoin (BTC) hit new nine-month highs on March 17 as the latest events in the growing U.S.
- banking crisis boosted crypto markets.
- BTC/USD hit $27,025 on Bitstamp before consolidating to $26,500 with volatility ongoing after the Wall Street open.
- A catalyst for fresh upside had come in the form of the Federal Reserve’s balance sheet data overnight, this showing almost $300 billion being injected into the economy as part of the banking crisis response.
- Former BitMEX CEO Arthur Hayes, meanwhile, revealed a pivot of his own, ditching stocks for crypto markets in a blog post.
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