News Formal

Bitcoin surges as crypto market rallies on fresh banking sector fears

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Business News News

Bitcoin surges 9% toward key level of $30,000 as crypto market rallies amid fresh banking sector fears

Bitcoin jumped as much as 9% on Wednesday, nearing the key price level of $30,000, as banking sector concerns re-emerged.

Bitcoin rallied through the turmoil in March as Silicon Valley Bank failed, and industry observers said a similar situation is playing out for the world's largest crypto amid the latest bout of uncertainty. Bitcoin's rally Wednesday ended a five-day losing streak. The token's been on a tear in April and 2023 broadly, hitting 10-month highs earlier this month to nearly $31,000.as altcoins like solana and polygon also jumped 8% and 9%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Arbitrum Down 25% Weekly, Bitcoin Slipped to Monthly Low: Market WatchPolygon's 3% daily decline has pushed it to under $1.
Source: Crypto_Potato - 🏆 568. / 51 Read more »