Bitcoin craze is back! Credit Suisse, Silicon Valley Bank collapse leads to 40% rally
Bitcoin, the world’s largest cryptocurrency in terms of market cap, has rallied up to 40 per cent ever since the collapse of multiple much-vaunted global financial institutions. The cryptocurrency breached the $28,000 mark for the first time after June 2022, fueled by investor’s distrust in the banking system after the collapse of Silicon Valley Bank, First Republic Bank, Silvergate, and Credit Suisse Bank.
