Why is crypto up today

PacWest Bancorp saw its shares plummet by 16.4%, while Western Alliance Bancorp experienced a substantial 24.6% drop. Other regional banks experienced significant declines as well, with KeyCorp down 8.8%, Comerica down 8.9%, and Zions Bancorp down 7.3%. The decline in regional bank shares has raised concerns about the stability of the regional banking sector. Why did bitcoin go up Watch : How to build your $1000 crypto portfolio?

Watchlist available only on ET Markets App Bitcoin Price: Will BTC Drop To $60K Again? That's right, because not only have you now got that ETF demand, you've now got halving. It's going to be interesting. We haven't seen a cycle like this before. Has that demand just been pulled forward because of the ETF? Or is it going to be the ETF now plus the traditional impact of the halving. That remains to be seen.

Bitcoin surged over 7% during trading on Monday, surpassing the $66,000 barrier, indicating a positive continuation following a minor correction over the past few sessions. Top 10 Altcoins Of 2024 Once registered, you can:

Now that it's over and done, I don't think there will be much juice in the crypto rally, at least not in the coming days. Events and big headlines tend to disproportionately affect the values of coins, tokens, and the companies involved in them. The optimism underpinning cryptocurrencies just now should remain. However, I can't imagine piles of investors suddenly plowing into them without a compelling reason to do so. Another Boeing whistleblower is dead—this time a healthy 45-year-old who battled a sudden, severe infection Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.