Bitcoin Surges to 9-Month High Above $27K on Fed's $300B Injection into US Banks
TL;DR Summary
Bitcoin surged above $26,000 after the US Federal Reserve announced lending $300 billion to certain struggling US banks, including Silicon Valley Bank and Signature Bank. Altcoins also turned green, with ETH reclaiming $1,700, while BNB, MATIC, DOGE, and DOT are up by over 5%. The crypto market cap has added $50 billion in a day, reclaiming the coveted $1.1 trillion line.
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