Since the beginning of the year, the cryptocurrency has gained 71 percent in value.
(Photo: Reuters)
Frankfort, New York The collapse of the Silicon Valley Bank, the takeover of Credit Suisse by UBS and the crisis of the First Republic Bank: all three factors triggered a real rollercoaster ride in the markets, with numerous record lows.
And while investors are worried about the new banking crisis, the crypto market is making a big comeback: Bitcoin, the largest and oldest digital currency, has gained 39 percent in value in the past 14 days and is currently trading at more than $27,500 year-to-date the increase is even 65 percent.
In terms of performance, Bitcoin outperformed 98 percent of all companies in the broad S&P 500 index in March. This is according to data from the crypto education platform Cryptomaniaks. The stock index represents the 500 leading listed companies in the USA.
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