The price of bitcoin (BTC) on March 20, 2023 exceeded $28 thousand for the first time since June 12, 2022, this is confirmed information on the CoinMarketCap site.
On the night of March 20, the cost of BTC rose to $28.44 thousand, but by 09:02 it corrected to $27.55 thousand (+1.58% per day). Ethereum at the top reached $1.84 thousand, by 9:02 fell to $1.77 thousand (-0.8% per day).
Earlier in the day, BTC was above $27,000, gaining over 7% on the day and over 30% on the week. The cryptocurrency exchange rate reached such an indicator for the first time since June 13, 2022. At its peak, BTC was worth $47,000.
Investor interest in cryptocurrencies as alternative assets has returned after the turmoil in the US banking sector. Bitcoin rises in price after the announcement by the US authorities of a plan to mitigate the consequences of the collapse of Silicon Valley Bank and Signature Bank.
On March 14, Capital Lab partner Evgeny Shatov told bitcoinlinux that the bitcoin rate rose significantly amid news about the launch of a state program in the United States, the purpose of which is to provide local banks with access to liquidity in order to cover deposit obligations.
At the beginning of this year, the bitcoin rate was at the level of $16.5 thousand. On February 16, BTC rose above $25 thousand, which was the maximum since August last year. On February 27, it was at the level of $23.7 thousand.
