SAccording to analysts, the cryptocurrency appears to be benefiting from concerns in global markets following the collapse of Silicon Valley Bank (SVB) last week.
Indeed, bitcoin hit $26,533 around 13:06 GMT, up around 10% on the day, to its highest level since June 2022. It gained 7.6% on Sunday and 9.1% on Monday.
Cryptocurrency prices fell sharply in 2022 as rising rates prompted investors to shift away from risky assets. A series of collapses at well-known cryptocurrency firms, including major exchange FTX, has resulted in major losses for clients.
For its part, the dollar was little changed overall following U.S. consumer price data on Tuesday showed inflation continuing to rise, albeit at a slower pace than the previous month. in a widely anticipated reading that might lead the Federal Reserve to slow or even pause interest rate hikes next week.
(with map)
