New Delhi, 20/3: Bitcoin hovered near nine-month highs on Monday, and has closed out its best week in four years as turmoil in traditional banking drives some investors to turn to digital assets.
The biggest cryptocurrency by market value fell 1.8 per cent in Asia hours to $27,549 after hitting its highest since June 12 on Sunday at $28,474.
It rose 26 per cent last week and is up more than 35 per cent in ten days as turmoil in the banking sector has rippled around the globe — beginning with the collapse of Silicon Valley Bank and culminating, so far, in UBS’ takeover of Credit Suisse at a discount over the weekend