A 16% increase in value over the last seven days has propelled Bitcoin’s price to levels above $28,000, outperforming Wall Street bank stocks. UBS Group purchased Credit Suisse for $2 billion as a part of emergency plans to maintain the financial stability of the nation. In less than 90 days, a looming global banking crisis might push the price of bitcoin to $1 million.
Bitcoin hits $28k as uncertainty surrounds banks