Bitcoin Hovers Around $25K After Reaching Nine-Month High

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The collapse of Silicon Valley Bank 'could prove to be a great stress test for USDC,' tastycrypto_'s RyanFredGrace says, 'if we make it out of this unscathed.' He weighs in on the future of stablecoins:

Bitcoin is hovering around $25,000 after reaching a nine-month high on Tuesday at about $26,500. The rise of the world’s largest cryptocurrency by market value came minutes after the U.S. Consumer Price Index was released.

 

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