This Is Why Bitcoin Is Rallying After the Collapse of Silvergate, SVB and Signature

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Bitcoin is seeing its best three-day performance since October 2019, as the collapse of three US banks in week fueled some investors’ hopes that the Federal Reserve may have to take a less aggressive approach with its interest rate hikes. .

The largest cryptocurrency BTCUSD climbed to its highest level since June 2022 on Tuesday, up 8% over the past 24 hours and 30% over the past three days, according to data from CoinDesk.


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