Bitcoin price

Crypto prices surged higher following President Biden's announcement of a backstop for bank deposits, propelling Bitcoin above $24k.

“All in all not surprising, given that these were challenged for the first time since March last year, but especially as long as the weekly 8EMA is above us, there is a lack of relative strength. “The immediate areas to watch on the daily timeframe now are $21,500 - $21,800 for support, and $22,600 - $23,000 for potential resistance.” government stepped in to prevent contagion in the banking sector, BTC price “bounced back all the way towards the 50-DMA located near $22,900,” Eight Global wrote. “Bulls have some momentum and more price gains this week would negate the price downtrend.” [(Kitco News)](/) - The cryptocurrency market is in a much better position than it was on Friday, as the move by the U.S. Stocks experienced less of a bounceback, initially jumping after President Biden announced an emergency backstop for deposits at struggling banks, only to see that momentum fade as the day progressed.

The world's leading cryptocurrency briefly dipped below $20,000 on Friday – its lowest level since the start of the year – following the collapse of crypto- ...

Bitcoin (BTC-USD) logged its biggest intraday climb since about one month ago, soaring as much as 16.4% in Monday afternoon trading, as traders praised U.S.

[USDC-USD](https://seekingalpha.com/symbol/USDC-USD)), which holds part of the USD backing the coin at SVB, is now out of the woods, which is a huge positive for the crypto world,” he added. [BTC-USD](https://seekingalpha.com/symbol/BTC-USD)) drove up 13.5% to $24.39K at 4:13 p.m. dollar on Saturday after disclosing [8% of USDC reserves](https://seekingalpha.com/news/3946653-usd-coin-loses-peg-to-dollar-after-disclosure-of-reserves-at-silicon-valley-bank) remain at SVB. authorities' actions to [stem contagion effects](https://seekingalpha.com/news/3946686-federal-reserve-creates-lending-facility-for-banks-after-silicon-valley-bank-failure) from the collapse of Silicon Valley Bank. [BTC-USD](https://seekingalpha.com/symbol/BTC-USD)) recovered to $20K after [hitting a two-month low.](https://seekingalpha.com/news/3946656-bitcoin-recovers-to-20k-after-hitting-two-month-low) The upswing [helped pull up](https://seekingalpha.com/news/3946887-bitcoin-crosses-23k-on-improved-risk-appetite-as-regulators-move-to-contain-svb-crisis) a raft of crypto-related stocks.

Crypto stocks show modest gains along with Bitcoin's price following Biden's speech on Monday assuring that the baking system is safe.

Banking Crisis; But For How Long?](https://coingape.com/bitcoin-price-crypto-stocks-amidst-us-bank-crisis-how-long/?utm_source=priceanalysisbar) [Bitcoin Price Soars As US Bank Stocks Halt, Will BTC Break $25K?](https://coingape.com/bitcoin-price-news-us-bank-stocks-halt-will-btc-break-25k/?utm_source=priceanalysisbar) [Shiba Inu (SHIB), Dogecoin (DOGE) Price Recovers As Bitcoin Price Regains $22k](https://coingape.com/shiba-inu-shib-dogecoin-doge-price-recovers-as-bitcoin-price-regains-22k/?utm_source=priceanalysisbar) [Breaking: Bitcoin, Ethereum Rally Despite First Republic Bank Crashes 70% Like SVB](https://coingape.com/bitcoin-ethereum-first-republic-bank-crashes-70-premarket/?utm_source=priceanalysisbar) [Bitcoin Bull Run Incoming? President Biden Claims Investors Of Affected Banks Will Not Be Bailed Out](https://coingape.com/us-president-biden-investors-of-affected-banks-not-bailed-out/) [Just In: Barclays Predicts No Interest Rate Hike In Upcoming Fed Meeting](https://coingape.com/barclays-predicts-no-interest-rate-hike-in-upcoming-fed-meeting/?utm_source=priceanalysisbar) [Breaking: Massive Bitcoin (BTC) Whale Transfers Sign Of Pump And Dump?](https://coingape.com/crypto-news-bitcoin-btc-whale-transfers-sign-of-pump-and-dump/?utm_source=priceanalysisbar) [Cardano Founder Brings Up Crypto Collaterals Amid US Bank Collapse](https://coingape.com/cardano-founder-charles-hoskinson-crypto-collaterals-amid-us-bank-collapse-price-news/?utm_source=priceanalysisbar) [Bitcoin Price And Crypto Stocks Soar Amidst U.S. [Microstrategy](https://coingape.com/tag/microstrategy/) recorded a gain of 13%, while mining-focused companies like Marathon Digital and Riot Platforms were up 16% and 14% respectively. Regulators Look To Curb SVB Led Contagion](https://coingape.com/bitcoin-news-bitcoin-bull-run-incoming-regulators-look-to-stem-svb-led-contagion/?utm_source=priceanalysisbar) [Filecoin Price Skyrockets 25% On FVM Launch, Binance Announces Support](https://coingape.com/filecoin-price-skyrockets-25-on-fvm-launch-binance-announces-support/?utm_source=priceanalysisbar) [Ethereum Price Today: ETH Hikes Over 9% Ahead Of Goerli Testnet As Crypto Market Cap Breaches Trillion Mark](https://coingape.com/ethereum-price-today-eth-hikes-goerli-testnet-crypto-market-cap-breaches-trillion/?utm_source=priceanalysisbar) [Solana Price Set for 17% Upswing As Buyers Reclaimed Crucial Support](https://coingape.com/markets/solana-price-set-17-upswing-as-buyers-reclaimed-crucial-support/?utm_source=priceanalysisbar) [Dogecoin Price Prediction: Can DOGE Price Recovery Rally Surpass $0.1 Mark?](https://coingape.com/markets/dogecoin-price-prediction-can-doge-price-recovery-rally-surpass-0-1-mark/?utm_source=priceanalysisbar) [Cardano Price Prediction: ADA Price Sees a 17% Upswing If It Breaks This Key Resistance](https://coingape.com/markets/cardano-price-prediction-ada-price-sees-17-upswing-breaks-key-resistance/?utm_source=priceanalysisbar) [Cryptocurrency Price Prediction Today Mar 13th: Amid Market Recovery Conflux, Synthetix, Maker, and Optimism Token Witness 20-30% Rally](https://coingape.com/markets/cryptocurrency-price-prediction-today-amid-market-recovery-cfx-snx-mkr-and-op-witness-20-30-rally/?utm_source=priceanalysisbar) [Polygon Coin Could Slide To $1 As Multiple Hurdles Pressurize MATIC Buyers](https://coingape.com/markets/polygon-coin-could-slide-1-multiple-hurdles-pressurize-matic-buyers/?utm_source=priceanalysisbar) [XRP Price Prediction: XRP Hints at a 7% Upswing Before the Next Bear Cycle Begins](https://coingape.com/markets/xrp-price-prediction-xrp-hints-7-upswing-before-next-bear-cycle-begins/?utm_source=priceanalysisbar) [BTC Price Prediction: Can Bitcoin Price Retest to 200 Moving Average Restore Bullish Recovery?](https://coingape.com/markets/btc-price-prediction-can-bitcoin-price-retest-to-200-moving-average-restore-bullish-recovery/?utm_source=priceanalysisbar) [ETH Price Prediction: Can the New Relief Rally Push Ethereum Coin above $1500?](https://coingape.com/markets/eth-price-prediction-can-the-new-relief-rally-push-ethereum-coin-above-1500/?utm_source=priceanalysisbar) [Crypto Price Today Mar 12th: Mina and Trust Wallet Token Rose 6%, While Bone ShibaSwap and BinaryX showcased a 5-7% loss](https://coingape.com/markets/crypto-price-today-mina-and-trust-wallet-token-rose-6-while-bone-shibaswap-and-binaryx-showcased-a-5-7-loss/?utm_source=priceanalysisbar) [Dogecoin Price Faces a 15% Downside Risk as Key Support Level Break](https://coingape.com/markets/dogecoin-price-faces-a-15-downside-risk-as-key-support-level-break/?utm_source=priceanalysisbar) [Bitcoin’s price](https://coingape.com/price/bitcoin) climbed above$24,000, representing an increase of 18% over the previous twenty-four hours, while crypto stocks such as Microstrategy and Coinbase generated significant positive momentum as well. [FTX exchange](https://coingape.com/tag/ftx/) acted as the catalyst for the failure of Silvergate bank, the subsequent shutdown of the other two banks was reported to be deeply entwined with the cryptocurrency industry. However, as markets opened on Monday, the U.S. regulators for banks that work closely with cryptocurrency businesses. stock market witnessed bullish momentum with Dow Jones adding 186 points, the S&P500 gaining by 0.7% and the Nasdaq Composite advancing by 1.3%. The Crypto exchange [Coinbase’s](https://coingape.com/companies/coinbase/) shares also saw a 10% gain at the time of writing. [failure of Silvergate Bank](https://coingape.com/silvergate-corp-plans-to-liquidate-the-bank-and-wind-down-operations/) and Silicon Valley Bank, institutions with many ties to the crypto industry, led to a precipitous drop in the price of bitcoin late last week, sending it below $20,000 for the first time in over a week.

The price jump occurred after Silicon Valley Bank and Signature Bank closed. The latter, a New York regional bank, was a major crypto-lending institution.

Bitcoin (BTC), the world's largest cryptocurrency by market capitalization, surged 18% to over $24,200 over the past 24 hours even as fallout from the ...

[ Consensus 2023](https://consensus.coindesk.com/), CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [strict set of editorial policies](/ethics/). As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of [stock appreciation rights](https://www.investopedia.com/terms/s/sar.asp), which vest over a multi-year period. Data from Coinglass shows that traders liquidated $300 million worth of crypto positions on Monday. A full $140 million worth of these liquidations were bitcoin

The price of bitcoin, the world's largest cryptocurrency, went above $24000 on Monday after two banks failed last week and broader concerns about the U.S. ...

Beating The Banking Crisis With BTC ... Late last week, it was revealed that Silicon Valley Bank had effectively failed and depositors might be unable to withdraw ...

[March 13, 2023] [@TonyTheBullBTC on Twitter](https://twitter.com/tonythebullBTC)or join the [TonyTradesBTC Telegram](https://t.me/TonyTradesBTC)for exclusive daily market insights and technical analysis education. Later in 2020 and 2021, it was the “fastest horse” in the race against inflation and it took the cryptocurrency market to new all-time highs. But will the narrative be capable of taking BTC to new highs? Overnight, the US government announced a plan to make all depositors whole and restore faith in the US banking system. However, the run on banks has started to spread in another way: by creating a new bullish narrative for Bitcoin. It is the second-largest US bank failure in history.

Bitcoin (BTC) price sees its price action pumping higher with already 10% being claimed after the ASIA-PAC trading session handed it over to the Europ.

This week is important due to a few things happening in the macroeconomic landscape. Euler Finance’s token EUL price nosedived 26.2% in response to the attack on the lending protocol. There is a chance for a recovery rally to originate, but investors should not hold their breath. [erasing ](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-ether-retrace-weekend-losses-as-bears-see-183m-in-short-liquidations-202303130645)nearly all the negative price action from last week in just a single trading session. The author makes no representations as to the accuracy, completeness, or suitability of this information. [overbought ](https://www.fxstreet.com/cryptocurrencies/news/us-nonfarm-payrolls-rise-above-expectations-by-311-000-in-february-bitcoin-price-climbs-back-above-20-000-202303101409)barrier, there is not much upside potential left. The author has not received compensation for writing this article, other than from FXStreet. Bitcoin (BTC) price sees its price action pumping higher with already 10% being claimed after the ASIA-PAC trading session handed it over to the European partners. A pause there could be helpful for a pop [higher ](https://www.fxstreet.com/cryptocurrencies/news/why-is-bitcoin-price-down-today-202303101145)later this week, which could help BTC above $22,800 toward $23,878. The author will not be held responsible for information that is found at the end of links posted on this page. It also does not guarantee that this information is of a timely nature. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

Bitcoin (BTC-USD) logged its biggest intraday climb since about one month ago, soaring as much as 16.4% in Monday afternoon trading, as traders praised U.S. ...

Investment banking giant Goldman Sachs analysts have predicted that the U.S. central bank will not raise interest rates at its next FOMC meeting on March 22 ...

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [ Consensus 2023](https://consensus.coindesk.com/), CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. [ETH](https://www.coindesk.com/price/ethereum/)), the second-largest cryptocurrency, recently rose by over 7% Monday afternoon to change hands around $1,675. [strict set of editorial policies](/ethics/). Layer 2 protocol Optimism's native [OP](https://www.coindesk.com/price/optimism/) token surged 21% Monday. The Dow Jones Industrial Average (DJIA) slid 0.2%, while the tech-heavy Nasdaq Composite was up 0.4%. [CoinDesk data](https://www.coindesk.com/price/bitcoin/) – before recently retreating slightly above the $24,200 mark, still up over 10% over the past 24 hours. Earlier in the day, New York state’s top regulatory agency [shuttered](https://www.dfs.ny.gov/reports_and_publications/press_releases/pr20230312) Signature, saying that it had “taken possession of the bank to protect depositors.” In light of the uncertainty surrounding banking in the US, the narrative of Bitcoin as a hedge and safehaven has gained steam.” Leinweber noted that “the majority of these (positions were) placed on Friday when concerns were heightened.” These types of short squeezes tend to push prices higher. “That said, the crypto market has at least temporarily responded to the bailouts well. The move likely contributed to buying pressure, as CoinDesk reported.

ALSO: CoinDesk's Helene Braun writes that the current banking crisis won't doom banks that serve the digital asset industry.

[ Consensus 2023](https://consensus.coindesk.com/), CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [strict set of editorial policies](/ethics/). [MakerDAO Weighs Using Emergency Switch to Prevent Future DAI Depegging](https://www.coindesk.com/business/2023/03/13/makerdao-weighs-using-emergency-switch-to-prevent-future-dai-depegging/): The community proposal comes just two days after DAI followed stablecoin USDC in slipping beneath the one-dollar mark. [Coinbase Officially Suspends Binance USD Stablecoin Trading](https://www.coindesk.com/business/2023/03/13/coinbase-officially-suspends-binance-usd-stablecoin-trading/): Coinbase CEO Brian Armstrong previously said the decision was made due to liquidity concerns. [Ether is up 5%](https://www.coindesk.com/price/ethereum/), Binance’s BNB up 6%, and Dogecoin is up 2.5%. Bitcoin (BTC) has climbed above $24,000 in the last 24 hours, as the Federal Deposit Insurance Corporation said depositors of Silicon Valley Bank would have full access to their money beginning Monday morning, after confirming a successful transfer of deposits to a new bridge bank. “Crypto liquidity is likely to take a hit in the short-term, but this is an opportunity for new innovative challenger banks to step up and take the place of SVB, Silvergate and Signature,” said Andrei Grachev, managing partner at digital asset market maker DWF Labs. “The 2-year Treasury yield is down 49 basis points to 4.095%, which means we are almost down a full-point since last week. Notably, the largest deposit of USDC in the last 24 hours was 18.3 million, a 41% increase from the prior record of 13 million. “Bitcoin volatility should remain elevated and it will be interesting to see how much momentum will be left with today's surge." This would put crypto-fiat trading volumes more in line with proportions of the euro’s trading volumes versus the dollar’s.”

Bitcoin has roared back to $24000, indicating strong demand as traders turn cautious fearing more bank failures.

[DOGE](https://cointelegraph.com/doge-price-index)) turned up from $0.06 on March 10 and rose above the $0.07 resistance on March 12. A break below this crucial support could accelerate selling, and the SOL/USDT pair may tumble to $12.69. The pair may then ascend to the 200-day SMA ($0.39) and later to $0.43. That could first push the price to $0.10 and eventually to $0.11. If the price turns down from the current level, the pair may retest the strong support at $0.30. The ETH/USDT pair rose back above the 20-day EMA ($1,565) on March 12, indicating that bulls are back in the game. [BNB](https://cointelegraph.com/binance-coin-price-index)) completed a bearish H&S pattern on March 9, but the sellers could not build upon this negative setup. If buyers surmount the resistance at $1,743, the pair could soar to the psychological level at $2,000. The selling pulled the price below the 20-day EMA (104) on March 13. This positive view could invalidate if the price turns down and plunges below the 200-day SMA. Contrarily, if the price turns down from the overhead resistance, the pair may oscillate between the 200-day SMA and $25,250 for a while longer. Bitcoin [climbed back above $24,000](https://cointelegraph.com/news/us-bank-bloodbath-bitcoin-hits-23-7k-as-btc-price-analyst-call-svb-dip-bear-trap) on March 13, covering a large distance from the $19,549 local low hit on March 10.

The Bitcoin (BTC) price bounced over the weekend, saving a potential breakdown in the process. But, the trend is still undetermined.

[weekly chart](https://beincrypto.com/learn/how-to-read-crypto-charts/), the daily one provides some mixed signs. However, the sub-wave count (red) in wave one is extremely unusual. Whether the price falls below $18,387 or increases above $25,250 will help determine the future movement. If so, it has begun the fifth and final wave of an upward movement that will take it toward $28,000. The bullish one suggests that BTC has just completed a fourth-wave pullback. As a result, the first count is more likely. A breakout from the top of the range could lead to an increase toward $28,000. The bearish count suggests that BTC is in a corrective wave two and will decrease again. Last week, the Bitcoin price created a massive, long lower wick (green icon). The BTC [price](https://beincrypto.com/price/bitcoin/) bounced on March 10, validating the previous channel as support. Firstly, it saved a potential breakdown from the $21,000 horizontal area. However, the future trend’s direction has yet to be determined.

A considerable degree of increase in coin value is being detected due to the bullish pressure building on the crypto market. The daily trading volume is also on ...

The four-hour and one-day technical indicators all suggest that the bulls are in control as they maintain their grip on the market. The 50-day MA stands at $22,090, while the 100-day MA is at $24,619. The upper Bollinger Band is at $25,109, which may act as a resistance level, while the lower Bollinger Band is at $20,292, which may provide support in case of a pullback. The four-hour Bitcoin price analysis also dictates an uptrend, as the bulls have been maintaining their lead quite efficiently. On the other hand, if the buyers fail to push past this point, then there is a chance of a pullback. The daily trading volume is also on the rise as buyers continue to maintain their grip on the market.

Bitcoin price surged over 15% and cleared the $24000 resistance. BTC might correct lower, but dips might be supported near the $23500 zone.

The next major support is near the $22,000 level or the 50% Fib retracement level of the upward move from the $19,550 swing low to $24,599 high. The price is up over 15% and there was a clear move above the $24,000 resistance zone. The next major resistance is near the $24,620 zone. A high is formed near $24,599 and the price is now consolidating gains. BTC gained bullish momentum and was able to clear the $23,500 resistance to move further into a positive zone. Bitcoin price surged over 15% and cleared the $24,000 resistance.

Bitcoin (BTC) and Ethereum (ETH) managed to reclaim the $22000 level on Monday, suggesting some stability in the cryptocurrency market...

Take a look at Industry Talk's carefully selected roster of the top 15 altcoins to keep an eye on in 2023, curated by Cryptonews. The cryptocurrency market experienced a positive trend as the dollar fell significantly against a basket of currencies. Nevertheless, the absence of specific laws and regulations has rendered the sector vulnerable to fraud, money laundering, and other illicit activities. The recent recovery of the crypto market cap and the increase in the value of Bitcoin and other altcoins demonstrate the industry's resilience. By implementing clear regulations and oversight, the industry can attract more investors and businesses, driving innovation and growth. After dropping to its lowest level since January, Bitcoin has surpassed the $22,000 mark and has seen a 10% increase in value on the day.

Bitcoin price (BTC) is at crossroads after flipping key resistance levels into support, but now the bullish momentum is wearing out. After finding a p.

Bitcoin price (BTC) is at crossroads after flipping key resistance levels into support, but now the bullish momentum is wearing out. Solana price (SOL) has been trading with a bullish bias since March 10 as investors took advantage of the dip to buy SOL at a discount. Bitcoin (BTC) price has recovered the losses it experienced by the end of last week. At the time of writing, the Ethereum price is $1,673, with all signs pointing to a capped rally at around $1,704. As expected, Ethereum price ( [ETH](https://www.fxstreet.com/cryptocurrencies/news/could-voyagers-selling-spree-drive-ethereum-price-further-into-the-ground-202303100603)) has conformed to the king crypto’s price action and is also conflicted as buying pressure continues to ease. The Relative Strength Index (RSI) was within the safe zone with a price strength of 61. Ripple price is trading with a bearish bias, despite gaining almost 1% in the last day. Conversely, a definite flip of the $1,704 resistance level could solidify Ethereum price’s uptrend for the short term and invalidate the bearish thesis. In extreme cases, the price could plunge below the major support at $19,000. The shutdowns of these banks provoked fears amongst investors of weakening fiat-to-crypto on-ramps and the collateralization of Circle’s [USDC](https://www.fxstreet.com/cryptocurrencies/news/while-others-saw-circles-usdc-depeg-as-crisis-these-traders-saw-an-opportunity-202303130637) stablecoin, which had some reserves parked at these institutions. [BTC](https://www.fxstreet.com/cryptocurrencies/bitcoin)) is at crossroads after flipping key resistance levels into support, but now the bullish momentum is wearing out. Bitcoin price could drop below the 50-, 200-, and 100-day Exponential Moving Averages (EMAs) at $22,270, $21,798, and $21,373, respectively.