After smashing through the $28,000 mark on Sunday, Bitcoin (BTC) hit the year’s high of $28,503 on Monday morning before a slight correction to $28,375 at the time of writing, according to data from CoinGecko.

The latest price action means the leading cryptocurrency is up 4% in the day, and as much as 28.4% over the last week, making it one of the best performers in the market.

Bitcoin last changed hands at these levels in June last year amid the collapse of the Terra ecosystem and the contagion starting to spread across the crypto industry to claim the scalps of several key players, such as Celsius Network and Three Arrows Capital, among others.

The latest rally also means that the price of Bitcoin surged about 70% since the start of the year.

Global banks in turmoil

Bitcoin’s impressive performance is a stark contrast to major bank stocks that have continued to plummet following the collapse of Silicon Valley Bank and Signature Bank earlier this month.

There was additional pr

Go to Source to See Full Article
Author: Andrew Asmakov

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details