Bitcoin's Future Uncertain as Investors React to Bank Woes and Fed Decision.

Bitcoin rose by 2.6% to trade at around $28,775 as investors regained interest in crypto and other assets that hold value, while two regional banks, PacWest Bancorp and Western Alliance Bank, tumbled. The cool jobs data suggested that the economy was weakening and that inflationary pressures might subside, another potential boon to digital assets. Ether, the second-largest cryptocurrency by market capitalization, also edged higher by 2.5% to change hands at around $1,877. The failure of four US banks, including First Republic earlier this week, has buffeted the economy but seemed to buoy crypto prices.