Bitcoin is up 60% so far this year as investors rediscover appeal as alternative banking system

Bitcoin is up 60% so far this year as investors rediscover appeal as alternative banking system

Cryptocurrencies stood out this week as bank shares tumbled and the global liquidity crisis rocked the stock market. For the week ending March 17, bitcoin finished higher by 34%, making it the cryptocurrency’s best week since January 2021 — which marked the start of the institution-led bull run that year. Coin Metrics measures a week … Read more

Bitcoin (BTC) price is up 50% this year outperforming stocks and gold

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Bitcoin is up 50% this year despite the collapse of major crypto-focused banks, beating major stock indexes and commodities. On Jan. 1, bitcoin began trading at just over $16,500. On Wednesday, it was hovering around the $25,000 mark, thanks to a rally that began on Sunday. The recent rise has come as somewhat of a … Read more