• About Us
  • Jobs
  • Contact
  • Login
  • Register
Crypto Mufasa
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
Crypto Mufasa
No Result
View All Result
ADVERTISEMENT
Home Bitcoin

Bitcoin Hits $28k As Unpredictability Surrounds Banks

Hania by Hania
March 20, 2023
in Bitcoin, Bitcoin News, Market
Reading Time: 2 mins read
A A
0
Bitcoin Surpasses $30K For The First Time Since June 2022
Tweet

In Brief:

  • You May Also Like:
  • Best-Performing Altcoins For The Week: XRP, LDO, and LUNC
  • Discover Why ETH Could Take Center Stage In June 2023

Bitcoin’s price soars beyond the $28,000 zone, marking a 16% increase in value over the previous seven days.

According to research, the price of bitcoin surged on March 19 to above the $28,000 mark, representing a 16% increase in value over the previous seven days.

The top cryptocurrency at the time of writing was trading at $28,063, up 2.4% over the previous 24 hours. Prior to trading at $26,877 at the day’s low, the price reached $28,459 at its day’s peak point.

Bitcoin Hits $28k As Unpredictability Surrounds Banks
Source: Cointelegraph

Compared to the US dollar, Bitcoin has increased by almost 37% this week overall. With rising concerns about a worldwide banking crisis, bitcoin’s market capitalization increased by $194 billion in 2023, or 66% year-to-date, outperforming Wall Street bank stocks. Compared to the S&P 500’s 2.5% gain and the Nasdaq’s 15% fall in 2023, bitcoin has increased by roughly 65% so far this year.

You May Also Like:

Best-Performing Altcoins For The Week: XRP, LDO, and LUNC

Best-Performing Altcoins For The Week: XRP, LDO, and LUNC

June 5, 2023
Discover Why ETH Could Take Center Stage In June 2023

Discover Why ETH Could Take Center Stage In June 2023

June 2, 2023

Bitcoin Hits $28k As Unpredictability Surrounds Banks

Following last week’s events, which included Silvergate’s closing and the following regulator takeover of Signature Bank and Silicon Valley Bank, valuations of US banks have dropped amid the continuing fear regarding regional banks in the country.

As part of emergency measures taken by Swiss authorities to maintain the financial stability of the country, Credit Suisse was acquired by UBS Group earlier in the day for around $2 billion in Europe. The Swiss National Bank agreed to lend USB more than $100 billion as part of the agreement.

According to statistics from Companies Market Cap, the $2 billion acquisition implies a sizable discount from Credit Suisse’s market value on March 17 of close to $8 billion.

According to former Coinbase CTO Balaji Srinivasan, an impending global banking crisis could push Bitcoin over $1 million in less than 90 days. In Srinivasan’s prediction, a U.S. banking crisis would set off a hyperinflation scenario and a seven-digit Bitcoin price. On Twitter, Srinivasan is risking $2 million on his predictions for the future of the American economy and their potential effects on the cost of Bitcoin.

Tags: banking crisisbitcoin priceCredit Suissecrypto news
Tweet48Share77ShareSendPin22ShareSend
ADVERTISEMENT
Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Best-Performing Altcoins For The Week: XRP, LDO, and LUNC
Altcoin News

Best-Performing Altcoins For The Week: XRP, LDO, and LUNC

June 5, 2023
Discover Why ETH Could Take Center Stage In June 2023
Ethereum

Discover Why ETH Could Take Center Stage In June 2023

June 2, 2023
Coinbase Derivatives Exchange Is Set To Introduce Bitcoin And Ethereum Futures
Crypto Exchanges

Coinbase Derivatives Exchange Is Set To Introduce Bitcoin And Ethereum Futures

June 2, 2023
Dr John Forsyth ONFO Coin Co-Founder And “Bitcoin Millionaire” Found Dead
General News

Dr John Forsyth ONFO Coin Co-Founder And “Bitcoin Millionaire” Found Dead

June 1, 2023
Crypto Investments You Should Avoid in June 2023
Bitcoin News

Crypto Investments You Should Avoid in June 2023

May 30, 2023
Binance Australia Selling Bitcoin $5K Cheaper As Fiat Ramp Closes
Bitcoin News

Binance Australia Selling Bitcoin $5K Cheaper As Fiat Ramp Closes

May 30, 2023
Crypto Unlocking Events In June 2023
Altcoin News

Crypto Unlocking Events In June 2023

May 29, 2023
South Korean Politicians Now Required to Declare Bitcoin Holdings
Regulation

South Korean Politicians Now Required to Declare Bitcoin Holdings

May 26, 2023
Binance Will Stop Crypto Services In Japan From November 30
Bitcoin News

Binance Freezes $4.4 Million Cryptocurrency Linked To North Korean Hackers

May 25, 2023
Load More
  • Trending
  • Comments
  • Latest
idmining cloud mining

The New Era of Passive Income Brings Another Amazing Opportunity To Make Money With IDMining

May 5, 2023
Passive Income HappyMiner

Earn Passive Income Cloud Mining With HappyMiner – A Quick Guide!

May 8, 2023
Lost Your Bitcoin To Scammers? Explore The Options For Recovery From Crypto Scams

Lost Your Bitcoin To Scammers? Explore The Options For Recovery From Crypto Scams

May 19, 2023
76 Cryptocurrencies Are Now Prohibited, Beware!

76 Cryptocurrencies Are Now Prohibited, Beware!

May 11, 2023
Sparklo (SPRK) Top Profitable Investments

Rising Market Reputation for Sparklo (SPRK) While Dogecoin (DOGE) And Solana (SOL) Witness Varying Price Trends

June 5, 2023
Best-Performing Altcoins For The Week: XRP, LDO, and LUNC

Best-Performing Altcoins For The Week: XRP, LDO, and LUNC

June 5, 2023
Atomic Wallet Hacked, Users Lost Entire Portfolios

Atomic Wallet Hacked, Users Lost Entire Portfolios

June 5, 2023
sparklo finanace presale

Sparklo (SPRK) Presale Advances As Litecoin (LTC) Prices Explode

June 4, 2023
ADVERTISEMENT
Crypto Mufasa

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Navigate Site

  • Contact
  • Terms Of Service
  • Privacy Policy
  • Crypto Prices
  • Crypto Exchanges
  • Work With Us

Follow Us

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In