With Bitcoin staging a staggering rally in recent days amid turmoil within the global banking system, its advocates are now turning to the coin’s next important milestone: $30,000.
The largest digital coin has gained roughly 25% since March 8, when signs first emerged of trouble around Silicon Valley Bank, which has since folded and ignited turmoil among other lenders. The digital currency has added more than 20% since the start of the month to trade around $28,000, its highest since June of last year when a series of implosions within the digital-assets space itself rocked the industry and pressured prices. It last traded at $30,000 during the meltdown of now bankrupt lender Celsius, also in June.
