At the time of writing these lines, the main cryptocurrency is trading at $28,063, which represents an increase of 2.4% in the last 24 hours. The price reached $28,459 at its highest point during the day, before trading at $26,877 during the low of the day.
In total this week, bitcoin has gained more than 37% against the US dollar.. Bitcoin’s market capitalization totaled $194 billion in 2023, representing a 66% gain year-to-date, outperforming shares of Wall Street banks, especially at a time when fears of a global banking crisis.
US bank valuations have fallen amid fear surrounding the country’s regional banks following the events of the past week, including the closure of Silvergate, followed by the subsequent takeover of Signature Bank and Silicon Valley Bank by regulators.
The price of Bitcoin (BTC) shot up on March 19 to exceed the area of 28,000 dollarswhich is an increase of 16% in its value in the last 7 days, according to data from Cointelegraph’s MarketPro.
Credit Suisse was acquired by UBS for almost 2,000 million dollars within the framework of the emergency plans directed by the Swiss authorities to preserve the financial stability of the country. The $2 billion deal represents a significant discount to Credit Suisse’s market value on March 17 of nearly $8 billion, according to Companies Market Cap data.
This is a developing story, and more information will be added as it becomes available.
Clarification: The information and/or opinions expressed in this article do not necessarily represent the views or editorial line of Cointelegraph. The information presented here should not be taken as financial advice or investment recommendation. All investment and commercial movement involve risks and it is the responsibility of each person to do their due research before making an investment decision.
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