'People would rather hold their wealth in #Bitcoin than in a bank,' one Twitter user wrote.
BTC gained a whopping 37.8% for the week and is up 20.8% for the month.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Bitcoin bulls are back, as the biggest crypto token by market capitalization surged past $28,000 for the first time since June.
The rally comes amid speculation that the Federal Reserve could slow, or even pause, the pace of interest rate increases this week as contagion from the collapses of Silicon Valley Bank and Signature Bank continue to reverberate around the world. Credit Suisse is the latest financial institution to fall victim. CME's FedWatch tool shows a 62% chance that rates will be hiked by 25 basis points, with the chance that rates are unchanged coming in at 38%.
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