Bitcoin Bulls Eyeing At $30,000, Why?

Bitcoin Prices Hit 9-Month High As Global Banking Stocks Face Heat

March 21, 2023 Story: Ramsha Naushad

Bitcoin prices have been rising for some time now, hitting $27,759 on Tuesday at 11.59 IST. :CoinMarket Cap

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The price hit $28,567 on Monday, its highest level since mid-June, when it rose 0.9 per cent higher.

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We have TWO major reasons cited for the spurt in crypto prices, keep reading -->

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Turmoil in banking stocks is driving some investors to digital assets.

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The growing expectations that the central banks would slower the pace of interest rate hikes gave an impetus.

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Remember, the crypto crash that took place in last year in May-June 2022 was triggered by rate hikes by the US Fed?

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Bitcoin traded near $40,806 on April 19, 2022 and it fell drastically to $28,900 on May 13, and finally to $18,958 on June 19, 2022

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