Crypto Update: Here’s why bitcoin is rallying after collapse of Silvergate, SVB and Signature

by | Mar 14, 2023 | Stock Market

Bitcoin is seeing its best three-day performance since October 2019, as the collapse of three U.S. banks in a week fueled some investors’ hope that the Federal Reserve may have to take a less aggressive approach with its interest rate hikes. The largest cryptocurrency BTCUSD on Tuesday climbed to its highest level since June 2022, up 8% over the past 24 hours and up 30% over the past three days, according to CoinDesk data.  Last…

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