Bitcoin
Bitcoin (BTC)
$68,544.00 1.82464
Bitcoin price
Ethereum
Ethereum (ETH)
$3,571.03 2.21443
Ethereum price
BNB
BNB (BNB)
$622.20 2.75356
BNB price
Solana
Solana (SOL)
$155.22 4.44291
Solana price
XRP
XRP (XRP)
$0.4918880 2.34419
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000222 1.72005
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000131 2.24094
Pepe price
Bonk
Bonk (BONK)
$0.0000290 4.51568
Bonk price
Bitcoin
Bitcoin (BTC)
$68,544.00 1.82464
Bitcoin price
Ethereum
Ethereum (ETH)
$3,571.03 2.21443
Ethereum price
BNB
BNB (BNB)
$622.20 2.75356
BNB price
Solana
Solana (SOL)
$155.22 4.44291
Solana price
XRP
XRP (XRP)
$0.4918880 2.34419
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000222 1.72005
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000131 2.24094
Pepe price
Bonk
Bonk (BONK)
$0.0000290 4.51568
Bonk price
Bitcoin
Bitcoin (BTC)
$68,544.00 1.82464
Bitcoin price
Ethereum
Ethereum (ETH)
$3,571.03 2.21443
Ethereum price
BNB
BNB (BNB)
$622.20 2.75356
BNB price
Solana
Solana (SOL)
$155.22 4.44291
Solana price
XRP
XRP (XRP)
$0.4918880 2.34419
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000222 1.72005
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000131 2.24094
Pepe price
Bonk
Bonk (BONK)
$0.0000290 4.51568
Bonk price
Bitcoin
Bitcoin (BTC)
$68,544.00 1.82464
Bitcoin price
Ethereum
Ethereum (ETH)
$3,571.03 2.21443
Ethereum price
BNB
BNB (BNB)
$622.20 2.75356
BNB price
Solana
Solana (SOL)
$155.22 4.44291
Solana price
XRP
XRP (XRP)
$0.4918880 2.34419
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000222 1.72005
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000131 2.24094
Pepe price
Bonk
Bonk (BONK)
$0.0000290 4.51568
Bonk price
SirWin
SirWin
SirWin

Bitcoin is back above $26k

bitcoin-is-back-above-26k
Edited by
News
Bitcoin is back above $26k

Bitcoin’s price has returned to the $26,000 level today in early morning trading hours on March 17, which is only a hair below its all-time high for the year.

The recent decline in crypto markets was brought on by the insolvency of two major banks involved in the bitcoin business. It didn’t help that these establishments went bankrupt and joined the others.

Bitcoin is back above $26k - 1
BTC 24-hour chart | Source: CoinMarketCap

Bitcoin is benefiting from the SVB saga

BTC, trading at $26,089 as of writing, was 5.7 % up within 24 hours, giving weight to the recent word that investors prefer bitcoin over banks amid what was witnessed with banks.

Bitcoins market cap also increased by over 5%.

This also comes as bitcoin dominance, as of March 16, reclaimed its June 2022 high as other cryptocurrencies plunged amid SVB’s demises. 

In a recent CNBC interview, Mike Novogratz made similar remarks commenting that BTC was about to rally as more Investors were more likely to opt for the asset amid seeing the vulnerabilities attributed to banks.

A shortage of money and pressure from regulatory authorities have led to Silicon Valley Bank’s and Silvergate Bank’s insolvency, two of the most prominent financial backers of bitcoin firms. As a result, bitcoin price dropped to under $24,000, and the cryptocurrency markets as a whole went into a tailspin.

But, despite this setback, bitcoin has rapidly recovered and is trading at $26,000 once again. Some observers think this is because of the general strength of the cryptocurrency market, which has witnessed a spike in interest from institutional investors in recent months. This interest has been on the rise in recent months.