The price of bitcoin (BTC) has risen sharply since the start of the year and especially days after the banking crisis in the United States. Specifically, bitcoin strengthened as the Silicon Valley Bank (SVB) went bankrupt in mid-March. On April 27, the First Republic Bank’s crisis rumors unfolded, driving bitcoin and crypto prices even higher.

On this basis, analysts expect a sharp recovery of crypto prices in the months to come. Already, Balaji Srinivasan, former chief technology officer (CTO) of Coinbase, a crypto exchange, posted on Twitter, saying:

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