Bitcoin (BTC) bottomed out at
27
,600 yesterday (2), then stabilized at the
28
,000 mark around 10pm last night after oscillating for many hours, and started a rapid rally to a high of
28
,879.
It is now at 28 ,622, up 2.3% in the last 24 hours, after a slight pullback before press time. Ether (ETH) is also moving in much the same way, currently holding the
1
,800 barrier, now at
1
,833, down 2.8% in the last 24 hours.
Two more regional banks in crisis in the US
As for the reason of this wave, some analysts judge that it is related to the rumors of more banks in crisis in the United States
Shortly before the U.S. stock market opened last night, shares of two regional banks - Los Angeles-based PacWest Bancorp (PACW) and Phoenix-based Western Alliance Bank (WAL) - fell 27% and 15%, respectively, and melted during the session.
Some investors believe the banks' crisis could highlight cryptocurrencies as a solution to the weaknesses of the existing financial system and further strengthen the value proposition of autonomous digital assets.
According to the data, 13,000 people were liquidated within 24 hours and the entire network exploded for
45
million.
The total amount of the network-wide liquidation was
45
million. Of these, bitcoin had the largest blowout at $22.91 million and ethereum had the second largest blowout at $10.04 million.
27
,600 yesterday (2), then stabilized at the
28
,000 mark around 10pm last night after oscillating for many hours, and started a rapid rally to a high of
28
,879. It is now at 28 ,622, up 2.3% in the last 24 hours, after a slight pullback before press time. Ether (ETH) is also moving in much the same way, currently holding the
1
,800 barrier, now at
1
,833, down 2.8% in the last 24 hours. Two more regional banks in crisis in the US
As for the reason of this wave, some analysts judge that it is related to the rumors of more banks in crisis in the United States
Shortly before the U.S. stock market opened last night, shares of two regional banks - Los Angeles-based PacWest Bancorp (PACW) and Phoenix-based Western Alliance Bank (WAL) - fell 27% and 15%, respectively, and melted during the session.
Some investors believe the banks' crisis could highlight cryptocurrencies as a solution to the weaknesses of the existing financial system and further strengthen the value proposition of autonomous digital assets.
According to the data, 13,000 people were liquidated within 24 hours and the entire network exploded for
45
million. The total amount of the network-wide liquidation was
45
million. Of these, bitcoin had the largest blowout at $22.91 million and ethereum had the second largest blowout at $10.04 million.