Hassan Maishera
TL;DR
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Bitcoin continues to trade above the $43k level after adding 2% to its value in the last 24 hours.
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The recent regional banking crisis in the United States has not affected the crypto market.
BTC Adds 2%, Trades Above $43k
Bitcoin, the number one digital currency by market cap, is having a positive end to the week. It is up by more than 2% in the last 24 hours and is now trading above the $43k level.
The positive performance comes despite the regional banking crisis in the United States. New York Community Bancorp (NYCB) has been facing some difficult times, with its shares down by over 40% over the last few days.
The decline in its shares came after the bank reported losses stemming from its commercial real estate loans and dividend cuts.
In the March 2023 banking crisis in the United States, Bitcoin recorded excellent growth as it rallied from $20,000 to nearly $30k. However, BTC is yet to experience a massive rally this time around.
Bitcoin’s positive performance has seen altcoins follow suit. SOL is the best performer amongst the top 10 cryptocurrencies by market cap, up by more than 5% in the last 24 hours.
Thanks to the ongoing positive performance, the total cryptocurrency market cap stands at $1.65 trillion, up by more than 2% so far today.
