Bitcoin hits $28k as uncertainty surrounds banks

Bitcoin hits $28k as uncertainty surrounds banks


Bitcoin’s price surged to surpass the $28,000 zone, marking a 16% boost in value in the past 7-days

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At the time of writing, the leading cryptocurrency is trading at $28,063, a 2.4% increase in the past 24 hours. The price reached $28,459 at its highest point during the day, before trading at $26,877 during the day’s low.

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Overall this week, Bitcoin has gained over 37% against the U.S. dollar. Bitcoin’s market capitalization added $194 billion in 2023, representing a 66% gain year-to-date, outperforming Wall Street banks stocks especially as fears of a global banking crisis are rising.

United States bank valuations have slid amid the ongoing fear surrounding regional banks in the

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