At the same time as the bankruptcy of several large American banks, Bitcoin has reached the highest price record this month. Data from Cointelegraph Markets Pro and TradingView show that the price of Bitcoin is in an upward trend and has increased to $23,725.
The changes in the cryptocurrency market were predicted by a number of activists in this field. Many analysts had warned of extreme volatility on Wall Street. The current situation of major American banks has affected the price increase of Bitcoin and altcoins.
The consequences of the bankruptcy of two other American banks in recent days were felt not only in the United States, but also in Europe, and European banks suffered heavy losses.
The price of Bitcoin had fallen to less than $20,000 in recent days. At that time, a number of users panicked; But some investors predicted that Bitcoin would rise again. One cryptocurrency market analyst says what happened to Bitcoin was a “bear trap”. Some other analysts have highly recommended Bitcoin’s 18% growth in the span of several days.
data CoinMarketCap It shows that at the same time as Bitcoin, the price of many other cryptocurrencies, including Ether, has also grown. to report CointelegraphAt the same time as the crypto industry is growing dramatically, American banks are not having a good time. Many banks halted trading hours after financial markets opened. This is the first time in history that this number of American banks stop trading at the same time.
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