There was a sudden drop in Bitcoin last week after two banks in the US declared bankruptcy. With the bankruptcy of the banks, the global markets also experienced a great decline, while with the new week, there are significant increases in both Bitcoin and the markets.
Bitcoin price jumped to 24,500
Especially the bankruptcy of Silicon Valley Bank in the USA and the claim that some of the assets of USDC, the second largest stable coin, were in this bank, set the crypto money industry on fire. While the value of USDC, which should normally be fixed at $1, fell to 87 cents, Bitcoin also fell to the band of 19,500 in this process.
After all these developments, the US announced that a trustee would be appointed to the banks, and the markets started to rise again. In addition, after the FED’s financial support to bankrupt banks and Biden’s statements containing support, the market almost caught fire.
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With all these positive developments, the price of USDC reached $ 1 again, while Bitcoin went up to $ 24 thousand. With the increase in positive news in the market, there has been an increase of up to 20 percent in Bitcoin. In this process, those who opened a long position have earned a lot of money.
After Bitcoin reached $ 24 thousand 500, it made a correction and found buyers at $ 24 thousand 146 at the time of this news. Bitcoin’s rise could also continue if positive news continues to pump into the market.
The latest situation in 10 major cryptocurrencies:
- bitcoin – 24 thousand 178 dollars
- Ethereum – One thousand 674 dollars
- Tether (USDT) – 1 dollar
- BNB – $308.5
- USD Coin (USDC) – 1 dollar
- XRP– $0.3727
- Cardano (ADA) – $0.3447
- Polygon (MATIC) – $1.18
- dogecoin – $0.07263
- Binance USD (BUSD) – 1 dollar
After the recent positive developments, there has been a significant rise in the prices of Bitcoin and other cryptocurrencies. Of course, let us remind you that what is written here is for informational purposes only and does not contain any investment advice. So what do you think about this rise in cryptocurrencies? You can share your views with us in the comments section.