Bitcoin is seeing its best three-day performance since October 2019, as the collapse of three U.S. banks in a week fueled some investors’ hope that the Federal Reserve may have to take a less aggressive approach with its interest rate hikes.
The largest cryptocurrency BTCUSD on Tuesday climbed to its highest level since June 2022, up 8% over the past 24 hours and up 30% over the past three days, according to CoinDesk data.
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Source: https://www.marketwatch.com/story/heres-why-bitcoin-is-rallying-after-collapse-of-silvergate-svb-and-signature-1d728d8b?siteid=yhoof2&yptr=yahoo