Bitcoin Overcomes Banking Crisis and Regulatory Crackdown to Post Third Positive Month
TL;DR
Bitcoin is set to post its third positive month in a row and best quarter in two years, despite a banking meltdown and regulatory crackdown. The cryptocurrency has gained more than 70% year-to-date, with investors seeing it as a "flight to safety" amid banking turbulence. The correlation between bitcoin and equities is at its lowest since September 2021, while its correlation with gold has risen. The Fed's potential pivot on interest rates could remove a macro headwind for crypto, but investors should still tread carefully.
Topics:businesscryptocurrency#banking-crisis#bitcoin#cryptocurrency#fed-pivot#interest-rates#regulatory-crackdown
- Bitcoin posts its third positive month in a row after fighting off U.S. banking crisis and regulatory crackdown CNBC
- Has Bitcoin Benefited From the Banking Crisis? Not in the Way Its Fans Hoped. The New York Times
- Crypto Market March Roundup: Bitcoin Rises Amid Banking Uncertainties, Macro Headwinds CoinDesk
- Bitcoin's Horizontal Levels Show Potential For Bullish Trend Bitcoinist
- Bitcoin eyes $29K again as soft inflation data fuels buying (Cryptocurrency:BTC-USD) Seeking Alpha
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