Bitcoin's price recovers
After a few days of consolidation near $27,000, Bitcoin is attempting to stay above its 21-day MA.
After a few days of consolidation near $27,000, Bitcoin is attempting to stay above its 21-day MA. Analysts say the growth has connected to the news of First Republic Bank's collapse. Problems in the traditional lending sector are leading to the outflow of funds into the crypto industry. According to analyst Michael van de Poppe, the collapse of another bank is a perfect opportunity for Bitcoin's price to rise.
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