Bitcoin (BTC) hit its highest since the start of the month on March 13 as U.S. bank stocks saw the largest mass halt in history.
BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBTC price sees “phenomenal” rebound
Data from Cointelegraph Markets Pro and TradingView tracked a thoroughly bullish hourly candle for BTC/USD, which reached $23,725 on Bitstamp.
The move was eagerly anticipated by market participants, many of whom had warned of extreme volatility at the Wall Street open.
45min into US open, and banks getting halted left, right and centre. By 4pm eastern the Fed Funds might be back at 0%. $XAU $XAG $BTC $ETH is the only way!
— Arthur Hayes (@CryptoHayes) March 13, 2023
This came true, with Bitcoin and altcoins benefiting from intense uncertainty surrounding bank stocks, in particular, as
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