After a month of fluctuations, bitcoin is now in an uptrend, trading at $27,400. suggesting that BTC could reach new yearly highs and approach the $28,800, $30,000, $32,000 and $34,000 levels.
Bitcoin's market capitalization is up $194 billion in 2023. Its 66% year-to-date growth has far outpaced Wall Street's leading bank stocks.
In addition, bitcoin separated from U.S. stocks for the first time in a year, its price up about 65% compared to the S&P 500's 2.5% rise in 2023.
The banking crisis in the U.S., which then spread to Europe, had a negative impact on bitcoin price dynamics late last week, when the asset's price fell below $20,000 for the first time in two months. However, as the new week began, the situation began to change. The cryptocurrency asset is breaking through a strong resistance zone , increasing its capitalization and renewing 10-month highs.
Bitcoin's market capitalization is up $194 billion in 2023. Its 66% year-to-date growth has far outpaced Wall Street's leading bank stocks.
In addition, bitcoin separated from U.S. stocks for the first time in a year, its price up about 65% compared to the S&P 500's 2.5% rise in 2023.
The banking crisis in the U.S., which then spread to Europe, had a negative impact on bitcoin price dynamics late last week, when the asset's price fell below $20,000 for the first time in two months. However, as the new week began, the situation began to change. The cryptocurrency asset is breaking through a strong resistance zone , increasing its capitalization and renewing 10-month highs.