Bitcoin moved closer to $25,000 on Tuesday, as banking withdrawals rose following the collapse of Signature Bank and Silicon Valley Bank. Reports suggest that withdrawals at the likes of JPMorgan and Citibank are nearing a ten-year high. First Republic Bank has been another major firm to fall, with its stock dropping by over 60% on Monday. Ethereum was also higher in today’s session.
Bitcoin (BTC) extended recent gains on Tuesday, as prices rose higher for a fourth consecutive session.
Trending: Manhattan D.A. Alvin Bragg Responds To Trump’s Statements About Being Arrested, Calls To Action: Report
Banking stocks were significantly lower to start the week, with investors seemingly moving capital towards cryptocurrencies.
Following a low of $21,918.20 in yesterday’s session, BTC/USD surged to an intraday peak of $24,851.62 earlier in the day.
As a result of the surge, bitcoin rose to
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!