Bitcoin pops and continues 2023 gains as banking sector struggles with SVB failure
Bitcoin and other cryptocurrencies had the opposite reaction to the news of Silicon Valley Bank’s collapse than traditional stocks: They actually rose.
Bitcoin and other cryptocurrencies had the opposite reaction to the news of Silicon Valley Bank’s collapse than traditional stocks: They actually rose.
The CPI rose less than 0.5% last month, according to new United States Department of Labor data.
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BTC price gains nearly 20% in days as the SVB banking crisis fuels Bitcoin bulls.
Like face recognition, artificial intelligence (AI), mRNA vaccines and other modern technology, Bitcoin itself is neither “good” nor nefarious. Instead, it’s a key component of the ongoing, rapidly accelerating digital transformation.
Bitcoin has a $100,000 price target if this textbook move plays out, analyst says.
Markets jumped amid respite from the U.S. government and USD coin issuer Circle.
Bitcoin price could revisit $19.5k based on a bearish technical pattern formation.
Banking sector stress strengthens the case for the Federal Reserve to pause its campaign of raising interest rates next week.
Bitcoin brushes aside USDC depeg as BTC price returns above $20,000.