Bitcoin has grown significantly since the Federal Reserve’s announced additional liquidity injection to stabilize the banking system.
- Bitcoin market cap has risen 80%, hitting $28k due to liquidity injection by Federal Reserve.
- Altcoins remain 90% below their historical highs, offering traders and investors potential opportunities.
- Bitcoin and gold are becoming haven assets, with Bitcoin dominance facing significant resistance.
Since November 2022, Bitcoin has experienced a significant increase of approximately 80% in its market capitalization, reaching the $28,000 threshold. The primary impetus for this upward trend began on March 10, following the Federal Reserve’s announcement of an additional liquidity injection aimed at stabilizing the banking system.
Despite the surge in Bitcoin, a considerable number of altcoins remain 90% below their historical highs, offering traders and investors promising prospects in the weeks to come.
The creation of cryptocurrency by the mysterious Satoshi Nakamoto aimed to decentralize financial transactions and return control to ordinary people. Bitcoin was created in response to the 2008 Great Financial Crisis, highlighting the fragility of the modern financial system.