Bitcoin

<ul><li>Bitcoin (BTC) soared to the $30K price range.</li><li>BTC’s trading volume surged over 89.5%.</li></ul>For the first time in a week, Bitcoin (BTC) briefly climbed back above $30,025 before falling back. <a href="https://thenewscrypto.com/tag/bitcoin/" rel="noopener noreferrer nofollow">The largest cryptocurrency</a> market cap fluctuated during New York trading hours between gains of up to 10% and losses of about 1% before settling at about $29,282.Also, this brings to the attention of investors the volatility that has long been a big draw for many traders. According to data from Coinalyze, the open interest on Bitcoin derivatives was liquidated for about $8.1 billion during the price swings.However, the Bitcoin price has surged more than 3% in the last 24 hours amid worries of a new <a href="https://thenewscrypto.com/bitcoin-moves-to-uptrend-after-94-drop-in-first-republic-bank-stock/" rel="noopener noreferrer nofollow">banking crisis in the United States</a>. On April 25, First Republic Bank’s shares dropped over 50%, raising concerns about the bank’s potential for government receivership.At the time of writing, BTC traded at $29,282 with a market cap of $564 billion. And Bitcoin’s 24-hour trading volume has climbed about 89.5% to $35.2 billion. The biggest digital asset price has changed from $27,070 to $30,025 in just two days, from April 25 to 27Further, due to the continuing banking crisis and its recovery from the prolonged bear market, Bitcoin became the <a href="https://thenewscrypto.com/bitcoin-btc-becomes-the-worlds-number-one-asset/" rel="noopener noreferrer nofollow">world’s number one asset</a>, as per the quarter 1 2023 report.

The Number One Asset Bitcoin Jumps Over 10% in a Day

TheNewsCrypto

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