HomeUncategorizedWhy is Bitcoin price up today? By Cointelegraph

Why is Bitcoin price up today? By Cointelegraph

March 12, 2023

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© Reuters

(BTC) price is up on March 11 as cryptocurrency markets stabilize following panic over a potential banking crisis.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView shows BTC/USD climbing past $20,300 at the time of writing, the pair up 2% from the day’s lows.

BTC/USD annotated chart. Source: Trader Tardigrade/ Twitter
BTC/USD annotated chart. Source: Keith Alan/ Twitter
1-hour candle chart (Gemini). Source: TradingView
Bitcoin funding rates chart. Source: G a a h/ Twitter