BTC

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 ...

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Over the past 24 hours, Bitcoin prices have soared in a rebound after recording a major plummet last week following the Silvergate fallout...

BTC trading volume has spiked from a weekend-low of $25 billion to as high as $60 billion in the last 24 hours. MATIC was also part of the spike movement with a surge of 12.2%. At the time of writing ETH currently trades at $1,689 looking to soon cross over the $1,700 mark. [Bitcoin](https://www.newsbtc.com/news/bitcoin/buy-bitcoin-says-messari-ceo-amid-market-downtrend/) prices have soared in a rebound after recording a major plummet last week following the Silvergate fallout. With news such as Silvergate shutting down operations and KuCoin being sued in New York, Bitcoin plummeted below $20,000 with a local bottom of $19,736 as of March 10. Despite the fact that there is a reason for the decline in price, BTC has only continued to show a bullish trend since Sunday.

BTC price gains nearly 20% in days as the SVB banking crisis fuels Bitcoin bulls.

“The problem for Credit Suisse (and others like it) is that it cannot cover deposit flight by borrowing in money markets. [queried](https://twitter.com/MacleodFinance/status/1635223348727914496). [continued](https://twitter.com/gaah_im/status/1635287916800000000). [noted](https://twitter.com/brianroemmele/status/1635277967088812034), more U.S. bank stocks saw the largest mass halt in history. [reacted](https://twitter.com/CryptoMichNL/status/1635284777447346176). [reducing](https://twitter.com/Schuldensuehner/status/1635271935809687552) expectations that the European Central Bank would hike by 0.5% this week. It can only go to the Swiss National Bank, in effect for a second bail out. [wrote](https://twitter.com/rektcapital/status/1635285606136942593) in one of many tweets as BTC/USD hit $23,500. [Fed starts ‘stealth QE’ — 5 things to know in Bitcoin this week](https://cointelegraph.com/news/fed-starts-stealth-qe-5-things-to-know-in-bitcoin-this-week) [BTC](https://cointelegraph.com/bitcoin-price)) hit its highest since the start of the month on March 13 as U.S. banks over the weekend](https://cointelegraph.com/news/silicon-valley-bank-collapse-everything-that-s-happened-until-now) was keenly felt, not just at home but in Europe, where banks also saw heavy losses.

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.

In the midst of the financial crisis that has engulfed the U.S. banking, Bitcoin has thrived over the weekend, surpassing the $23000 level.

A break above $24,000 and further consolidation in the previously lost zone is significant for BTC as it is at a critical area. For the analyst, BTC’s current price movement is a long-term accumulation zone between the $15,500 and $25,200 levels. [According ](https://twitter.com/crypto_birb/status/1634663467952095233?s=20)to Adrian Zdunczyk, the price of Bitcoin has retraced 20% from the peak of $25,000. But what are the keys to the price action that Bitcoin is currently experiencing? For BTC investors, Bitcoin has served its purpose while the traditional U.S. The cryptocurrency surpassed the $23,000 level and seems poised to take by storm the lost territory at $25,000.

Ethereum (ETH) is less of a gainer than Bitcoin (BTC), going up by 11.48%. ETH/USD chart by TradingView. From the technical point of view, Ethereum (ETH) ...

The price of Bitcoin (BTC) has continued the rise after the breakout of the $21,454 level. At the moment, one should pay attention to the nearest resistance at $23,890. The price of Bitcoin (BTC) has rocketed by 14% over the last 24 hours.