Bitcoin has updated the maximum since June 2022 amid the banking crisis

The bitcoin exchange rate exceeded the level of $28 thousand for the first time since June 2022. During the day, the cryptocurrency rose to the level of $28 493, the current quote of the asset is $27 910. 

Over the past day, the price of BTC has increased by 2%. As a result, the market capitalization of the most popular cryptocurrency was $535 billion with a daily trading volume of $50.9 billion. The share of bitcoin in the market today is 44.2%.

Last week, BTC rose by 26%, reacting to the rapidly developing worldwide banking crisis, which started in the United States with the bankruptcy of Silicon Valley Bank. The collapse of SVB led to the closure of several other major American banks, as well as the purchase of the bankrupt Credit Suisse by its main competitor, Swiss UBS, at a huge discount.

Analysts note that the growth of bitcoin is mainly due to liquidity, since this cryptocurrency is an alternative means of liquidity. Analysts believe that by the end of the year bitcoin can reach $45 000, and the liquidity of central banks will find its application in crypto assets, as it was in 2021. Last Sunday, the US Federal Reserve announced that it would increase liquidity by increasing the frequency of operations to supply dollars to financial markets.

In addition to bitcoin, Ethereum, the second largest cryptocurrency, has also begun to grow.  Ether rose to a 7-month high at $1 846.50 today.