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Bitcoin’s Growth Continues, Despite Banking Crisis After Four Months

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Gherardo Fiorenzo
Gherardo Fiorenzo is an Italian author with a unique perspective shaped by his experiences in Italy and the US. His thought-provoking articles, short stories, and reviews explore the intersections of language, identity, and culture.

Bitcoin saw another positive month, making April its fourth consecutive month of gains, according to data from Coinglass.

bitcoin performance for The four months come amid a banking crisis and reveal closures of Silvergate and Silicon Valley were not affected bitcoin.

bitcoin current bull market compare b recovery in 2019

According to data from Coinglass, e.g of April 28 bitcoin It was another successful month, marking its fourth consecutive positive month. the last It was time for that to happen in 2019 when economy Recovered from the worst bear market It was produced five months in a row of growth From February to June.

Since the beginning of the trading yearand bitcoin It sustained a bullish 3-month candle and now it is on its fourth line.

Individual and institutional cryptocurrency investors were interested in bitcoin because of It’s fast price Which pushed her to exceed $30,000 for the first The time is since June 2022.

by making ascending price Forecasts for BTC, cryptocurrency professionals, celebrities, and even some traditional ones financial Analysts recently completed the cryptocurrency of serious conversation.

In a report from Reuters, Jeff Kendrick said that head of Standard Chartered digital asset researchand expected that price of Bitcoin will reach $100,000 by 2024.

In addition, Robert Kiyosaki, a well-known author of Best selling Rich Dad, Poor Dad, recently predicted a price of $100,000 for bitcoin.

The closing of Silvergate and Signature Bank did not stop bitcoin’s growth

According to CNBC, amid a global Banking crisis, investors discovered the appeal of bitcoin as a banking alternative systemand rose throughout March after flat February.

Bitcoin prices rose even after the lockdown of Silvergate and Signature Bank, two of The most cryptocurrency friendly institution.

However, they are took on- And off- Cramps between fiats money and cryptocurrencies with them, and this is likely to affect liquidity in Even cryptocurrencies new players or not void.

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