Bitcoin and Ethereum: Bitcoin falls, but still going stronger than most … – Proactive Investors UK

Category: Ethereum

Bitcoin and Ethereum both fell in the last 24 hours, but the former has performed stronger than major indices this last month.

Bitcoin, the largest coin by market cap, slipped 2% to US$27,641, although the digital gold is still up 12% in the last week.

Yesterday, Bitcoin reached a three-month high when the asset hit US$28,638.

Ethereum, on the other hand, lost 2% to US$1,752, butis alsoin the black over the seven days, up nearly 6%.

As markets panicked in the wake of the collapse of Silicon Valley Bank (SVB) and UBSs takeover of fellow Swiss lender Credit Suisse, Bitcoin has gone strong.

Since 10 March, the coin has risen by nearly 37% from US$20,376 to todays price.

To put this into perspective, only 12 companies in the S&P 500 have achieved higher returns than 35% this year to date.

This means that Bitcoin is outperforming the likes of FedEx (NYSE:FDX), Apple and Amazon.

Among some of the altcoins,XRP shed 1.6% to US$0.44,Solana lost 2.4% to US$21.73 while Litecoin gained 8.2% to US$87.70.

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Bitcoin and Ethereum: Bitcoin falls, but still going stronger than most ... - Proactive Investors UK

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March 23rd, 2023
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