While Bitcoin (BTC) exceeded $27,000 for the first time since June 2022, it is again seen as a safe haven due to banking bankruptcies and liquidity crises.
Bitcoin for the first time since June 2022 $27,000 Globally, central institutions continue to work for the solution of financial crises. US-based last week silicone valley Bench (SVB) And Signature Bank’s After its bankruptcy, traditional markets were plunged into an atmosphere of anxiety and chaos.
While the global financial system was trying to recover in the shadow of all these concerns, investors turned to gold and Bitcoin, which they adopted as safe havens. In the past week, there has been a serious increase in the price of gold and Bitcoin. Bitcoin in 1 week 35.5% While showing a bullish performance, gold rose close to 7%. On the other hand, the total value of the cryptocurrency market in the last 1 week increased by $270 billion.
FED In order to calm the chaos environment, it made a move to undo the last 4 months of money burning. 300 billion dollars added liquidity. After this move of the FED, the rally of Bitcoin came to mind after the money was released during the Covid-19 pandemic period.
Experts say that this comeback and the FED’s next meeting made by analysts. to interest rate hikes can take a break In line with his predictions, a new trend for Bitcoin in the coming days. rally is possible suggests.
In retrospect, 2008 Similarly, the bankruptcy of US-based banks and the accompanying a macroeconomic crisis Being one of the most critical events that triggered the birth of Bitcoin seems to confirm the opinion of the experts.