Date: 2023-3-27 After the US Federal Reserve Chairman announced yet another interest rate hike, Bitcoin’s impulsive rally halted temporarily. While the price has calmed to around $28,000, the cryptocurrency faces significant resistance at the $30K level. Let’s take a look at what happened in the world of finance and crypto this week – another week of fiery action between the banks, regulators, and the world of crypto. BTC Rally Amid The Global Banking Crisis In the past few weeks, two of the most crypto-friendly banks, Silvergate Capital and Signature, collapsed after facing severe liquidity problems. Under similar circumstances, regulators have The post Bitcoin Bounces Back to $28,000: What’s Next for the Crypto Market? appeared first on Cryptoknowmics-Crypto News and Media Platform .
