Bitcoin hits $28,000, as UBS buys Credit Suisse for $3.2B
United States banking crisis growing into a global banking crisis the Bitcoin price is trading above $28,000 again.
Bitcoin is bullish one of the main reasons is the money printer has been turned on once by the US Federal Reserve (Fed).
According to World's largest bank Federal Reserve whopping $300 billion to its portfolio last week, offsetting half of all quantitative tightening (Q1) in last year.
BTC is currently 3% up in the last 24 hours. Bitcoin draws the highest weekly close in nine months.
Bitcoin had started a bullish year with a 41% increase in the first quarter then hit a fair value gap and pulled back to balance.
Crypto analysis expects the alpha coin to further climb to $29,000. Bitcoin price movement is influenced by a power struggle between bulls and bears.
Just like previously asked on #Bitcoin, we got the answer now as well.— Michaël van de Poppe (@CryptoMichNL) March 18, 2023
Are we staying above $26,800? Answer is clear; yes.
This means, trend will continue to last until $26,800 is lost.
Looking for a final sweep into $28,300-28,900 and then reversal. pic.twitter.com/d6lK0CWAjx
The live Bitcoin price today is $28,359.89 USD with a 24-hour trading volume of $46,856,237,323 USD. BTC to USD price in real-time Bitcoin is up 4.91% in the last 24 hours. The current CoinMarketCap ranking is #1, with a live market cap of $547,989,790,143 USD. It has a circulating supply of 19,322,706 BTC coins and a max. supply of 21,000,000 BTC coins.
Bitcoin price statistics the BTC price change in the last 24 hours is +$1,101.87 or +4.07% and BTC 24 hour low is $27,003.58 and BTC 24 hour high is $28,527.72 with a 46.39% Market dominance.
BTC's 7-day low as $21,918.20 and BTC's 7-day high is $28,527.72 with 20860.75% Bitcoin ROI.
BTC can hold above the $27,000 support level the sell side inefficiency could be buying opportunity with the next target being the upper limit of $28,500 to $29,000
Related: India partnered with UAE to adopt Cross Border Central Bank Digital Currency Transactions.