Bitcoin price

2023 - 3 - 13

Post cover — Image courtesy of "Cointelegraph"

US bank bloodbath: Bitcoin hits $23.7K as BTC price analyst calls ... (Cointelegraph)

BTC price gains nearly 20% in days as the SVB banking crisis fuels Bitcoin bulls.

“The problem for Credit Suisse (and others like it) is that it cannot cover deposit flight by borrowing in money markets. [queried](https://twitter.com/MacleodFinance/status/1635223348727914496). [continued](https://twitter.com/gaah_im/status/1635287916800000000). [noted](https://twitter.com/brianroemmele/status/1635277967088812034), more U.S. bank stocks saw the largest mass halt in history. [reacted](https://twitter.com/CryptoMichNL/status/1635284777447346176). [reducing](https://twitter.com/Schuldensuehner/status/1635271935809687552) expectations that the European Central Bank would hike by 0.5% this week. It can only go to the Swiss National Bank, in effect for a second bail out. [wrote](https://twitter.com/rektcapital/status/1635285606136942593) in one of many tweets as BTC/USD hit $23,500. [Fed starts ‘stealth QE’ — 5 things to know in Bitcoin this week](https://cointelegraph.com/news/fed-starts-stealth-qe-5-things-to-know-in-bitcoin-this-week) [BTC](https://cointelegraph.com/bitcoin-price)) hit its highest since the start of the month on March 13 as U.S. banks over the weekend](https://cointelegraph.com/news/silicon-valley-bank-collapse-everything-that-s-happened-until-now) was keenly felt, not just at home but in Europe, where banks also saw heavy losses.

Crypto Price Today Live: Bitcoin above $22k; crypto market cap ... (Economic Times)

The total volume in DeFi is currently 6.95 billion, 9.10% of the total crypto market 24-hour volume. The volume of all stablecoins is now $77.73 billion, ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The Stochastic %K (14, 3, 3) indicates a Neutral outlook at 48.72 and the Average Directional Index (14) at 20.77 indicates Buy." "However, the MACD Level (12, 26), at −427.15, indicates a Sell. The Relative Strength Index (14) sits at 50.08, with a neutral outlook. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. The total volume in DeFi is currently 6.95 billion, 9.10% of the total crypto market 24-hour volume. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Bitcoin’s dominance is currently 42.24%, an increase of 0.46% over the day, according to CoinMarketCap. The news has uplifted the investor sentiment with a promise of more liquidity in the market," Shivam Thakral, CEO of BuyUcoin, said. SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. BTC volume stood at approximately $34.89 billion, rising 39.84% in the last 24 hours. [Brookfield looks to Put $1b in Avaada](/epaper/delhicapital/2023/mar/13/et-front/brookfield-looks-to-put-1b-in-avaada/articleshow/98589209.cms)

Bitcoin price jumps 21% in 24 hours, trades above $24k (Kitco NEWS)

Crypto prices surged higher following President Biden's announcement of a backstop for bank deposits, propelling Bitcoin above $24k.

“All in all not surprising, given that these were challenged for the first time since March last year, but especially as long as the weekly 8EMA is above us, there is a lack of relative strength. “The immediate areas to watch on the daily timeframe now are $21,500 - $21,800 for support, and $22,600 - $23,000 for potential resistance.” government stepped in to prevent contagion in the banking sector, BTC price “bounced back all the way towards the 50-DMA located near $22,900,” Eight Global wrote. “Bulls have some momentum and more price gains this week would negate the price downtrend.” [(Kitco News)](/) - The cryptocurrency market is in a much better position than it was on Friday, as the move by the U.S. Stocks experienced less of a bounceback, initially jumping after President Biden announced an emergency backstop for deposits at struggling banks, only to see that momentum fade as the day progressed.

Bitcoin price bounces back as Silicon Valley Bank rescued (Yahoo! Voices)

The world's leading cryptocurrency briefly dipped below $20,000 on Friday – its lowest level since the start of the year – following the collapse of crypto- ...

Bitcoin price soars over $24000 as New York crypto-lender ... (Yahoo! Voices)

The price of bitcoin, the world's largest cryptocurrency, went above $24000 on Monday after two banks failed last week and broader concerns about the U.S. ...

Beat Banks Runs With Bitcoin: Meet The New Bull Narrative For ... (bitcoinist.com)

Beating The Banking Crisis With BTC ... Late last week, it was revealed that Silicon Valley Bank had effectively failed and depositors might be unable to withdraw ...

[March 13, 2023] [@TonyTheBullBTC on Twitter](https://twitter.com/tonythebullBTC)or join the [TonyTradesBTC Telegram](https://t.me/TonyTradesBTC)for exclusive daily market insights and technical analysis education. Later in 2020 and 2021, it was the “fastest horse” in the race against inflation and it took the cryptocurrency market to new all-time highs. But will the narrative be capable of taking BTC to new highs? Overnight, the US government announced a plan to make all depositors whole and restore faith in the US banking system. However, the run on banks has started to spread in another way: by creating a new bullish narrative for Bitcoin. It is the second-largest US bank failure in history.

Here is why Bitcoin price could risk sliding below $20000, as Fed ... (FXStreet)

Bitcoin (BTC) price sees its price action pumping higher with already 10% being claimed after the ASIA-PAC trading session handed it over to the Europ.

This week is important due to a few things happening in the macroeconomic landscape. Euler Finance’s token EUL price nosedived 26.2% in response to the attack on the lending protocol. There is a chance for a recovery rally to originate, but investors should not hold their breath. [erasing ](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-ether-retrace-weekend-losses-as-bears-see-183m-in-short-liquidations-202303130645)nearly all the negative price action from last week in just a single trading session. The author makes no representations as to the accuracy, completeness, or suitability of this information. [overbought ](https://www.fxstreet.com/cryptocurrencies/news/us-nonfarm-payrolls-rise-above-expectations-by-311-000-in-february-bitcoin-price-climbs-back-above-20-000-202303101409)barrier, there is not much upside potential left. The author has not received compensation for writing this article, other than from FXStreet. Bitcoin (BTC) price sees its price action pumping higher with already 10% being claimed after the ASIA-PAC trading session handed it over to the European partners. A pause there could be helpful for a pop [higher ](https://www.fxstreet.com/cryptocurrencies/news/why-is-bitcoin-price-down-today-202303101145)later this week, which could help BTC above $22,800 toward $23,878. The author will not be held responsible for information that is found at the end of links posted on this page. It also does not guarantee that this information is of a timely nature. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.