Amid news of another banking crisis in the US, Bitcoin and crypto posed a strong recovery breaking past crucial resistance levels.
Nearly $11.3 million in BTC short positions have been liquidated over the last 24 hours, Bitcoin resumes its recovery to $32,000.
After facing two weeks of strong selling pressure, the world’s largest cryptocurrency Bitcoin (BTC) posed a strong recovery on Tuesday evening. In the last 24 hours, the Bitcoin (BTC) price is trading at 3.74 percent up at $28,406 and a market cap of $550 billion.
This quick recovery in the Bitcoin price came after another major US banking giant – First Republic Bank – announced that it lost $100 billion in deposits during the first quarter of 2023. It has once again triggered concerns regarding the fragility of the US banking system. Last month in March 2023, amid several banking explosions in the US, Bitcoin posed a strong recovery thereafter.
Well, the same thing repeated on Tuesday, April 25, clearly indicating that
