News Bit: Bitcoin Soars to $28,000 Amid Global Market Chaos and Bank Liquidity Crisis
Bitcoin breaks the $28,000 barrier for the first time since June 2022, as global markets face turmoil from bank failures and inflation concerns.
Bitcoin breaks the $28,000 barrier for the first time since June 2022, as global markets face turmoil from bank failures and inflation concerns.
Meta Platforms is cutting 10,000 jobs, cancelling lower-priority projects, and winding down efforts with non-fungible tokens on Facebook and Instagram.
It was The Sandbox’s first cooking-themed game, where players can virtually create dishes, collect recipes, and compete to be head chefs.
Bitcoin reaches a 9-month high, closing at $27,467, driven by a banking crisis in the United States and issues with multinational banks like Credit Suisse. Analyst Markus Thielen sets the next price target for Bitcoin at $28,000 as the cryptocurrency gains momentum amid the ongoing banking crisis. Price data are accurate as of March 18…
The surge may have been due to the collapse of US banks Silvergate Capital and Silicon Valley Bank last week, MetaMask’s Dan Finlay said.
According to an executive, Meta will instead focus on creating opportunities for content creators and online businesses who want to earn.
Bitcoin closed Wednesday at $24,471, which is just a slight 0.32% increase from the previous day.
Bitcoin’s price surged to its highest level since June 13, 2022, breaking a resistance level that had been hard to overcome for months.
In January, Silvergate reduced its workforce by 40% to address the effects of the crypto mishaps from the past year.
Tether or USDT’s market share among stablecoins has increased by 54%, reaching the highest level in 15 months.