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 ...

[ 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

With the closure of Signature Bank, U.S. crypto companies have limited banking options, a blow to the industry. So why is Bitcoin rallying?

It may be too good to be true. It May Be Too Good to Be True.

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.

The total volume in DeFi is currently 6.95 billion, 9.10% of the total crypto market 24-hour volume. The volume of all stablecoins is now $77.73 billion, ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The Stochastic %K (14, 3, 3) indicates a Neutral outlook at 48.72 and the Average Directional Index (14) at 20.77 indicates Buy." "However, the MACD Level (12, 26), at −427.15, indicates a Sell. The Relative Strength Index (14) sits at 50.08, with a neutral outlook. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. The total volume in DeFi is currently 6.95 billion, 9.10% of the total crypto market 24-hour volume. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Bitcoin’s dominance is currently 42.24%, an increase of 0.46% over the day, according to CoinMarketCap. The news has uplifted the investor sentiment with a promise of more liquidity in the market," Shivam Thakral, CEO of BuyUcoin, said. SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. BTC volume stood at approximately $34.89 billion, rising 39.84% in the last 24 hours. [Brookfield looks to Put $1b in Avaada](/epaper/delhicapital/2023/mar/13/et-front/brookfield-looks-to-put-1b-in-avaada/articleshow/98589209.cms)

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.

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.

After the crash of two major crypto banks wreaked havoc in the crypto market last week, it seems like some of the top cryptocurrencies are showing some ...

The altcoin is, however, still down by more than 11% over the last week. Its 24-hour trading volume stands at $324,886,914 after a more than 35% increase since yesterday. Both of these altcoins are also now up by more than 1% over the last seven days. ETH is currently boasting a 10.07% price increase over the last day, and is now trading hands at $1,617.53. This has also impacted BTC’s weekly performance as the crypto is now up by 0.30% over the last week despite the drama in the market over the past few days. CoinMarketCap indicates that the global crypto market cap is up by more than 8% to now stand at about $1.03 trillion.

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.

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 ...

Bitcoin surged 13%, the biggest one-day increase since the wild price swings seen during November's market turmoil, and shares of crypto companies rallied ...