The price of the Bitcoin cryptocurrency rose to its highest level in nine months today, Tuesday, achieving gains of more than 30 percent in four days, ignoring the confusion that global markets suffer from following the collapse of Silicon Valley Bank at the end of last week, which led to expectations that interest rates would not rise at the rate that was planned. .
Bitcoin jumped regarding 9.6% to $26,533, its highest level since June 2022, gaining for the fourth consecutive day.
Major cryptocurrencies have recently rebounded following US authorities announced plans to limit the fallout from the collapse of the Silicon Valley bank.
The measures taken by the US authorities helped stabilize the main USDC currency, for which the issuer had $3.3 billion in deposits in Silicon Valley Bank. The stability of the USDC coin is seen as positive for the crypto sector as a whole.
Bitcoin, the largest cryptocurrency, managed to weather the crisis caused by the recent collapse of Silicon Valley and Signature banks.
