{"id":522849,"date":"2023-03-13T16:00:54","date_gmt":"2023-03-13T16:00:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=522849"},"modified":"2024-06-11T08:04:10","modified_gmt":"2024-06-11T08:04:10","slug":"bitcoin-btc-surges-above-24000-amid-us-bank-crash","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-surges-above-24000-amid-us-bank-crash\/","title":{"rendered":"Bitcoin (BTC) Surges Above $24,000 Amid US Bank Crash"},"content":{"rendered":"

They say nothing is impossible in the crypto market and according to Bitcoin\u2019s (BTC) latest price action, that saying might not be false as the top crypto has just climbed above $24,000 despite the ongoing US bank crash saga.<\/span><\/p>\n

Over the past 24 hours, <\/span>Bitcoin<\/span><\/a> prices have soared in a rebound after recording a major plummet last week following the Silvergate fallout. At the time of writing, BTC currently <\/span>trades above $24,000<\/span><\/a> with a trading price of $24,331.<\/span><\/p>\n

Bitcoin Spikes 19% In One Day<\/span><\/h2>\n

Despite the fact that there is a reason for the decline in price, BTC has only continued to show a bullish trend since Sunday. Over the past 24 hours, the top crypto has added over $50 billion to its market cap, surging from a Sunday morning market cap low of $388 billion to $456 billion, at the time of writing.\u00a0<\/span><\/p>\n

\"Bitcoin
Bitcoin price is moving sideways on the 1-hour chart. Source: BTC\/USDT on TradingView.com<\/a><\/figcaption><\/figure>\n

This surge comes after <\/span>Bitcoin<\/span><\/a> initially showed exposure to the negative news in the industry last week alongside the rest of the crypto market. With news such as Silvergate shutting down operations and KuCoin being sued in New York, Bitcoin plummeted below $20,000 with a local bottom of $19,736 as of March 10.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin Bulls Gain Strength, But Is The Fed Really Forced To Pivot?<\/a><\/div>\n

However, the top crypto was quick to recover after two days of a downward trend. In the past 24 hours, Bitcoin has been <\/span>up by 19%<\/span><\/a> as its trading volume has continued to surge indicating a major buying pressure. BTC trading volume has spiked from a weekend-low of $25 billion to as high as $60 billion in the last 24 hours.\u00a0<\/span><\/p>\n

Interestingly, the rising buying pressure in Bitcoin comes at a time when the US bank crash headlines are not looking any positive. Yesterday, US regulators shut down Signature bank, one of the crypto-friendly banks beneficial to the industry. In addition, earlier today, Silicon Valley Bank, another crypto-friendly bank was reported to be acquired by HSBC for just 1 pound.\u00a0<\/span><\/p>\n

Crypto Market Joins In On The Rebound\u00a0<\/span><\/h2>\n

Meanwhile, Bitcoin hasn\u2019t been the only crypto in the market showing no exposure to the US bank crash. Other altcoins including <\/span>Ethereum (ETH)<\/span><\/a>, Binance Coin (BNB), Cardano (ADA), and Polygon (MATIC) have also recorded double-digit gains over the past 24 hours with ADA emerging as the highest gainer by 15.6% after Bitcoin’s gain of 17%.<\/span><\/p>\n

Related Reading: Cardano (ADA) Price Rally Reaches Crucial Juncture, $0.35 Is The Key<\/a><\/div>\n

Following behind with double-digit gains are ETH and BNB. Over the past 24 hours, ETH and BNB have also recorded significant surges with both assets up by 16.5% and 14.4% respectively. At the time of writing ETH currently trades at $1,689 looking to soon cross over the $1,700 mark. BNB on the other hand already crossed above the $300 mark and currently trades at $313.<\/span><\/p>\n

MATIC was also part of the spike movement with a surge of 12.2%. The asset still ranks steadily above Dogecoin (DOGE) with a market cap of $10.6 billion while DOGE’s market cap still ranges just above $10 billion.\u00a0<\/span><\/p>\n

Notably, among the largest crypto by market cap, Ripple (XRP) is the lowest gainer up by only 7.2% in the last 24 hours with a trading price of $0.38.<\/span><\/p>\n

Featured image from Unsplash, Chart from TradingView.<\/div>\n","protected":false},"excerpt":{"rendered":"

They say nothing is impossible in the crypto market and according to Bitcoin\u2019s (BTC) latest price action, that saying might not be false as the top crypto has just climbed above $24,000 despite the ongoing US bank crash saga. Over the past 24 hours, Bitcoin prices have soared in a rebound after recording a major plummet last week following the Silvergate fallout. At the time of writing, BTC currently trades above $24,000 with a trading price of $24,331. Bitcoin Spikes 19% In One Day Despite the fact that there is a reason for the decline in price, BTC has only continued to show a bullish trend since Sunday. Over the past 24 hours, the top crypto has added over $50 billion to its market cap, surging from a Sunday morning market cap low of $388 billion to $456 billion, at the time of writing.\u00a0 This surge comes after Bitcoin initially showed exposure to the negative news in the industry last week alongside the rest of the crypto market. With news such as Silvergate shutting down operations and KuCoin being sued in New York, Bitcoin plummeted below $20,000 with a local bottom of $19,736 as of March 10.\u00a0 Related Reading: Bitcoin Bulls Gain Strength, But Is The Fed Really Forced To Pivot? However, the top crypto was quick to recover after two days of a downward trend. In the past 24 hours, Bitcoin has been up by 19% as its trading volume has continued to surge indicating a major buying pressure. BTC trading volume has spiked from a weekend-low of $25 billion to as high as $60 billion in the last 24 hours.\u00a0 Interestingly, the rising buying pressure in Bitcoin comes at a time when the US bank crash headlines are not looking any positive. Yesterday, US regulators shut down Signature bank, one of the crypto-friendly banks beneficial to the industry. In addition, earlier today, Silicon Valley Bank, another crypto-friendly bank was reported to be acquired by HSBC for just 1 pound.\u00a0 Crypto Market Joins In On The Rebound\u00a0 Meanwhile, Bitcoin hasn\u2019t been the only crypto in the market showing no exposure to the US bank crash. Other altcoins including Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), and Polygon (MATIC) have also recorded double-digit gains over the past 24 hours with ADA emerging as the highest gainer by 15.6% after Bitcoin’s gain of 17%. Related Reading: Cardano (ADA) Price Rally Reaches Crucial Juncture, $0.35 Is The Key Following behind with double-digit gains are ETH and BNB. Over the past 24 hours, ETH and BNB have also recorded significant surges with both assets up by 16.5% and 14.4% respectively. At the time of writing ETH currently trades at $1,689 looking to soon cross over the $1,700 mark. BNB on the other hand already crossed above the $300 mark and currently trades at $313. MATIC was also part of the spike movement with a surge of 12.2%. The asset still ranks steadily above Dogecoin (DOGE) with a market cap of $10.6 billion while DOGE’s market cap still ranges just above $10 billion.\u00a0 Notably, among the largest crypto by market cap, Ripple (XRP) is the lowest gainer up by only 7.2% in the last 24 hours with a trading price of $0.38. Featured image from Unsplash, Chart from TradingView.<\/p>\n","protected":false},"author":580,"featured_media":516386,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,11427,1119,8323,1946,40670,83584,4531],"class_list":["post-522849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bnb","tag-btc","tag-eth","tag-ethereum","tag-matic","tag-polygon","tag-xrp"],"acf":[],"yoast_head":"\nBitcoin (BTC) Surges Above $24,000 Amid US Bank Crash<\/title>\n<meta name=\"description\" content=\"Over the past 24 hours, Bitcoin prices have soared in a rebound after recording a major plummet last week following the Silvergate fallout...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/uniquehot.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin (BTC) Surges Above $24,000 Amid US Bank Crash","url":"http:\/\/uniquehot.com\/news\/bitcoin-btc-surges-above-24000-amid-us-bank-crash\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-btc-surges-above-24000-amid-us-bank-crash\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/DeFi.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/DeFi.jpg?fit=350%2C250"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bnb","btc","eth","ethereum","matic","polygon","xrp"],"dateCreated":"2023-03-13T16:00:54Z","datePublished":"2023-03-13T16:00:54Z","dateModified":"2024-06-11T08:04:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin (BTC) Surges Above $24,000 Amid US Bank Crash\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-btc-surges-above-24000-amid-us-bank-crash\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-btc-surges-above-24000-amid-us-bank-crash\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/DeFi.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/DeFi.jpg?fit=350%2C250\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bnb\",\"btc\",\"eth\",\"ethereum\",\"matic\",\"polygon\",\"xrp\"],\"dateCreated\":\"2023-03-13T16:00:54Z\",\"datePublished\":\"2023-03-13T16:00:54Z\",\"dateModified\":\"2024-06-11T08:04:10Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/01\/DeFi.jpg?fit=350%2C250","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/522849"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=522849"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/522849\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/516386"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=522849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=522849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=522849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}