Forex and other markets news
26.04.2023, 22:34
bitcoin surge
bitcoin surge
Bitcoin soars to $30,000, surpasses ฿1,000,000 on bank collapse concerns in the US.
Bitcoin soared to $ 30,000, surpassing 1,000,000 baht today, with investors flocking to buy Bitcoin. Amid concerns about the US banking crisis
As of 8:09 p.m. local time, bitcoin jumped 8.22% to $29,886.25 in trading on Coinbase.
Investors are concerned about the financial condition of the First Republic Bank (FRB), the US regional bank. After the bank revealed that customers withdrew more than $100 billion in deposits in the first quarter of 2023.
However, FRB's financial position has not improved. Although a consortium of 11 large US banks injected $30 billion in deposits to support FRB liquidity.
Analysts from Standard Chartered say Bitcoin will hit $100,000 by the end of 2024.
“Even though uncertainty still exists. But we see Bitcoin's road to $100,000 becoming more and more clear,” Standard Chartered head of digital asset analyst Jeff Kendrick said in the report.
Mr. Kendrick stated that Bitcoin has been driven by the recent banking crisis, improved profitability of crypto mining. including the stability of risky assets While the Federal Reserve (Fed) ended the cycle of raising interest rates.
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