After a tough week, Bitcoin is pushing a critical resistance level by showing a significant rise ahead of the US Consumer Price Index (CPI) data.
Bitcoin (BTC) And cryptocurrencieslast week Silicon Valley Bank (SVB) Second-largest stablecoin issuer after its shutdown by the US government Circle’s (USDC) in the bank 3.3 billion dollars triggered by the declaration of its existence stablecoin crisis post- had a decline. bitcoin in the process $19,000 regressed to the band, in the crypto money market Up to 50% reductions had been observed.
The US government over the weekend Signature BankAfter the decision to close . safe that and will be reimbursed description, to global financial markets And to the cryptocurrency market was breathing.
bitcoin US Department of the Treasury, Central Bank (FED) And Federal Insurance Corporation (FDIC) co-published by statement and by the Fed for banks $25 billion financing program was on the rise again.
According to CoinGecko data the last 3 days in over 25% appreciated bitcoinwith new week a critical resistance zone the one which… $24,800- $25,200 to the band rose up. bitcoin displayed in the last 24 hour period at the time of writing. 12% increase with from $24,851 is being traded.
Similar rises are observed in the 10 most valuable cryptocurrencies by market value:
- Ethereum (ETH) 6.8% with an increase 1.692,
- BNB (BNB) 3.5% with an increase 307,
- Ripple (XRP) 2.5% with an increase 0.37,
- cardano (ISLAND) 3.4% with an increase 0.344,
- polygon (MATIC) 4.9% with an increase 1.17,
- dogecoin (DOGE) 5.3% with an increase 0.0728 traded in dollars.
Bitcoin’s total market cap $479 billionif the total value of the cryptocurrency market $1.11 trillion watching levels.
with Turkey time today 15.30will be announced in US Inflation data on an annual basis for an expectation of 6% exists.