March Mid-Month Update: March Madness Defies Expectations
With the calendar past the halfway mark in March, Bitcoin has gone on another tear, breaking above $27.8k for the first time since June, 2022.
So why did prices manage to soar? Well, there were a few different key events in the first half of March. The most obvious appeared to be the collapse of one of the larger US banks, Silicon Valley Bank (SVB). And it appears this has caused massive ripple effects among the banking sector, in general.
It's every crypto enthusiast's dream to see the banking sector begin to sweat. Many view crypto's existence as an anti-authoritarian answer to a world fiat system that is considered corrupt on many levels.
Take a look at how the news of the banking collapse, beginning on March 9th, coincided with Bitcoin's tear ever since.
It's also fascinating to see how
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