Bitcoin rises above US$27,500, as ‘store of value’ narrative strengthens amid bank failures
On March 18, Bitcoin (BTC) recorded an increase of more than 6.89% to $27,538, surpassing the peak of $26,368 of March 14 to set a new high in 2023. Bitcoin has increased by 32.75% in the last week.
This is Bitcoin’s highest value threshold since mid-June 2022 when the market crashed due to liquidity issues at Three Arrows Capital, which then went bankrupt.