Bitcoin Holds Strong Above $25K Amid Optimism Over Inflation Data and Fed Rate Hikes

Bitcoin and other major cryptocurrencies remained in the green after an encouraging inflation report and continued hopefulness for a less hawkish Fed. The crypto industry must mature to develop productive relationships with banks. The voluntary liquidation of Silvergate, crypto’s go-to bank, and subsequent regulator action to seize Silicon Valley Bank sent shockwaves through the industry. The loss of industry-friendly banks that were pillars of the sector has hurt the industry.