The latest developments in the European banking sector pushed bitcoin north once again, with the asset surging past $28,500 for the first time since June 2022.Bitcoin’s New Local Peak
Bitcoin finished one of its best weeks in a while after it surged from $20,000 to around $28,000 within the past seven days. This came amid the growing banking issues in the US, which later extended to Europe.being acquired by Switzerland’s biggest bank – UBS – in a deal worth $3.25 billion . Both parties claimed that the goal of the deal was to “secure financial stability and protect the Swiss economy.
Bitcoin reacted positively to the news, surging past $28,000 for the first time in nine months. It went to a new local peak of $28,500 before it retraced by $500 and has since bounced off once more.This is all you need not to miss any price action in the raging crypto markets.
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