Bitcoin, the bellwether coin, has experienced another bout of volatility, with its price surging past the $26,000 mark for the first time since July 2022, only to retrace to $24,070 on the Bitstamp exchange.to explain that he is not surprised by such a development since the make-it-or-break-it $26,000 level got rejected., the market capitalization of the flagship cryptocurrency surpassed $500 billion for the first time since mid-2022.
The price of Bitcoin was boosted in part by the recent banking crisis in the United States. The current meltdown has been compared to the 2013 banking crisis in Cyprus that pushed the world's first cryptocurrency into the mainstream for the first time in its existence. Investors continues to see Bitcoin as a safe haven asset in times of financial turmoil despite its underperformance.
While the crypto community is bettingon on a Fed pivot, February's CPI report shows that inflation is not going away quickly. Hence, there is still a compelling need for the central bank to continue raising rates, according to economists at Bloomberg.
bnbtiger BNBSongoku elonmusk pump 2023
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum – Bitcoin NewsBinance boss CZ announced on Monday that the company had converted $1 billion $BUSD into bitcoin (BTC), BNB, and ethereum (ETH). Well, looks like CZ just became the ultimate hodler! PixiaAi $pixia imagine Bitcoin Amazing stuff, I only use ChiefraFba for signals and analysis.. 92% win rate in 2 months of copying his signals!
Source: BTCTN - 🏆 531. / 51 Read more »
Robert Kiyosaki Warns of 'Crash Landing Ahead' as Bailouts Begin — Advises Buying More Bitcoin – Bitcoin NewsRich Dad Poor Dad author Robert Kiyosaki has warned of a 'crash landing ahead,' advising investors to buy more bitcoin. $BTC cryptocurrency BeWorthy HeyJeremyHorn OverworldPlay Like ❤️ Ok great, I only listen to ChiefraFba for signals and analysis!..I have a 92% win rate in 3 months of copying his signals! Ok, I also listen to ChiefraFba for signals and analysis!..I have a 93% win rate in 3 months of copying his signals!
Source: BTCTN - 🏆 531. / 51 Read more »
Bitcoin Miner Stocks Surge Amidst Banking MeltdownBitcoin mining equities (and bitcoin) are surging as the banking sector tumbles. $HUT $CIFR $SDIG egreechee reports egreechee Marciano conecta tus máquinas de mineria MARCIANOPHONE egreechee It is apparent people are becoming more aware of the Web3 options that are available to them. The steps towards a utopic future will stem from creating tools and informational media that will allow more people to recognize the core values behind the space.
Source: CoinDesk - 🏆 291. / 63 Read more »
Coinbase and other crypto stocks surge as bitcoin popsShares of cryptocurrency-linked names were rallying sharply in Tuesday morning action as the prices of bitcoin and other digital assets rocketed. Don't fall for these. Doesn't help so long as USTreasury allows crypto fraud to surge. See: BingX and Twitter crooks. It looks like the crypto market is continuing to show strength! 📈
Source: MarketWatch - 🏆 3. / 97 Read more »
Bitcoin rallies to $24,000 even as regulators shut down Signature Bank: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, William Quigley, the co-founder of Tether and WAX Blockchain, discusses the fallout in the crypto industry from the closure of Signature Bank and Silicon Valley Bank. Fed starts ‘stealth QE’ The CEO of bitcoin was nowhere to be found for comment. Also: You can never shut down bitcoin. Well, tomorrow cpi will be as expected. No surprise on bad side.
Source: CNBC - 🏆 12. / 72 Read more »