Bitcoin has reached a new high, surpassing $85,000 and continuing to grow, with its best weekly run since the US banking crisis in 2023. Trading at $88,879, Bitcoin’s price is up over 29% in the past week. The increase is attributed to the near 30% weekly return, marking Bitcoin’s best seven-day period since the US banking crisis.
The turbulence in the US banking market has led to a surge in Bitcoin’s price, as investors seek a safe haven during uncertain times. Analysts believe that Bitcoin could reach $1 million due to increasing credit in the US and investors looking for a safe haven asset.
Join Our Telegram Group for the Latest Crypto News!
Stay ahead in the cryptocurrency market with timely updates, exclusive insights, and expert analysis. Join our Telegram group now and never miss out on important market movements!
