Investors were weighing the latest financial woes at Silvergate and what a potential bankruptcy at the crypto bank could mean for the broader crypto industry.
Bitcoin and ether are on pace for a modest February win, even after suffering a big drop earlier in the month.
Bitcoin continues to perplex investors with various narratives but for the Black community, storing and securing wealth is the most important one.
Bitcoin rose to its highest level since August, as the market shrugged off a tougher regulatory stance from U.S. regulators.
The cryptocurrency struggled to hold the $23,000 level in the previous session as the rally loses momentum.
Bitcoin’s rally has propelled it to fresh highs, as it fully recovers from the losses incurred in FTX’s collapse even as the crypto industry braces for tumult.
Bitcoin has begun 2023 on a positive note. The token climbed above $21,000 on Saturday for the first time in two months, and is up 26% month-to-date.
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