Why is Bitcoin rising amid collapsing banks? Watch The Market Report

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The resident expert at Cointelegraph, Marcel Pechman, explains why Bitcoin is on the rise and why banks are failing. As part of an “emergency ordinance” to stop the instability of the financial markets, UBS Group agreed to purchase Credit Suisse for $3.25 billion. With investors taking refuge in short-term Treasury securities, Bitcoin’s chances of rising to $30K are decreasing. Pechman explains why Bitcoin may not reach $30,000 anytime soon.

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Why is Bitcoin rising amid collapsing banks? Watch The Market Report

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Name	Price	24H (%)
Bitcoin(BTC)	$61,091.83	3.20%
Ethereum(ETH)	$2,715.83	1.83%
Tether USDt(USDT)	$1.00	0.03%
BNB(BNB)	$526.11	1.80%
Solana(SOL)	$145.46	1.15%
XRP(XRP)	$0.58	2.01%
Dogecoin(DOGE)	$0.106178	1.11%
Cardano(ADA)	$0.339766	0.82%
TRON(TRX)	$0.129357	2.65%
Shiba Inu(SHIB)	$0.000014	0.76%
Polkadot(DOT)	$4.53	-0.06%
Chainlink(LINK)	$10.61	2.32%
Litecoin(LTC)	$63.93	3.05%
Polygon(MATIC)	$0.422273	0.59%
Monero(XMR)	$150.54	0.32%
OKB(OKB)	$37.02	1.01%
ApeCoin(APE)	$0.60	-0.13%