Bitcoin Rises Especially During These Hours! Here’s Why!

in the past weeks USAThe resolution of the banking crisis in , led to strong rises in Bitcoin.

Seeing the highest level in the last 9 months by breaking above $ 28.00 Bitcoin (BTC) It continues its volatile movements before the Fed’s interest rate announcement.

According to the news of Coindesk, the crypto money company evaluating the banking crisis and its impact on Bitcoin Matrixport, He said that Americans are turning to Bitcoin.

Markus Thielen, head of research at Matrixport, stated that Americans have realized that Bitcoin is safer than traditional banking after the recent bank failures in the USA. BTC’He stated that investment in

Noting that Bitcoin has increased by 40% in the last 10 days, the report pointed out that this increase was led by US citizens.

“Since the drop on March 10, Bitcoin has increased by 44%.

31% of the rally took place during US trading hours.

This is an indication that Americans are so interested in Bitcoin that they almost buy with both hands.”

Markus Thielen added to his report that the stress in the banking sector is not over.

bitcoinThielen, who stated that Turkey priced the decrease in interest rate expectations after banking problems, said that this situation was reflected in the US trading hours as a positive performance.

“Bitcoin (BTC) is up 66% since the start of 2023 and during US trading hours, Bitcoin is up 47%.

Bitcoin rose only 16% during trading hours in Asia.

Compared to Asia and the US, Bitcoin hardly broke a sweat during European trading. Because BTC only increased 3% during European trading hours.”

*Not investment advice.