The price of Bitcoin is $28,280 today with a 24hour trading volume of 45 billion dollars This represents a 4% price increase in the last 24 hours and a 40% price increase in the past 7 days When iconic US investment bank Lehman Brothers Holdings Inc. filed for bankruptcy in 2008, it shook people’s faith in banks so much that a new class of asset, which did not have the backing of any formal bank, came into being. Bitcoin, the most popular cryptocurrency, first found a mention in November 2008, about two months after the Lehman crisis. A decade later, cryptocurrencies have become one of the most debated financial assets, globally and in India, in terms of risk and returns. now in 2023 Banks fails even bigger and bitcoin is here to shine
Right now all big companies including Amazon, Microsoft, BlackRock, BridgeWater ... got an eye on crypto and buying the dip while the old banking system shows its flaws
all indicators sending bullish signal and be ready for 28500, 28700 and 28900$
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we hit the first target
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we hit all targets
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next targets 29150, 29200
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we hit both targets
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The core CPI annual rate in the United States was 5.6% in March, which was expected to be 5.6% and the previous value was 5.5%, ending five consecutive months of decline.
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BlackRock CEO Larry Fink predicts inflation in the US will persist and likely won’t go below 4% anytime soon