Bitcoin Booms in Wake of Bank Crisis
Bitcoin, the world's largest cryptocurrency, has risen almost 70% so far this year.
Bitcoin was almost dead following the collapse of crypto exchange FTX. But its recent rally is proving that naysayers are wrong.
Due to the emergence of the cryptocurrency, the world's biggest has seen a 21% increase in its value so far this month.
This brings bitcoin's rally to nearly 70% this year. Bitcoin traded at $28,000 on Sunday, the first time it has done so since June.