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News Forum - Bitcoin rebounds 80% in 2023 amid US banking system turmoil


Thaiger
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Cryptocurrencies are making a comeback in 2023, with Bitcoin rallying by 80% above last year’s value, despite still being almost 50% down from its record high of US$69,000 in November 2021. This resurgence is partly due to improving macroeconomic conditions and the deteriorating state of the US banking system, which has led investors to seek …

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1 hour ago, Thaiger said:

almost 50% down from its record high of US$69,000

Today’s Bitcoin price is $USD 28,750. Only in the minds of crypto-bros does a fall from 69,000 to 28,750 equal almost a 50% reduction. 

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