Its current set-up on the 12-hour chart, however, does raise a few questions about its short-term
During the intraday trading session on 13 March, sentiments across the cryptocurrency market improved. This, following the by the U.S. Department of the Treasury, Federal Reserve, and Federal Deposit Insurance Corporation to restore all customer deposits at failed Silicon Valley Bank .price rallied above $24,000 for the first time in over two weeks. On the contrary, BTC had previously traded below the $20,000-level on 11 March when SVB collapsed.At press time, BTC was valued at $24,455 on the price charts,
having rallied by almost 10% over the last 24 hours. Due to the uptick in price caused by the unexpected bailout of SVB depositors by Federal regulators, traders who had opened short-trading positions were caught off-guard and plunged into losses., 55,851 traders were liquidated in the general cryptocurrency market, with $216.47 million removed in the last 24 hours. For the king coin, 4,300K BTC worth $104.
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