November 14, 2024

Bitcoin nears $90K, stages best weekly return since US banking crisis

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The US banking crisis is what catalyzed the 2023 bull run, according to BitMEX’s Arthur Hayes.

Bitcoin’s rally shows no signs of slowing as it edges toward $90,000 in what is shaping up to be its best weekly run since the United States banking crisis in 2023.

The Bitcoin (BTC) price surpassed the $85,000 record high on Nov. 11, but just as a temporary pit stop. The world’s first cryptocurrency is trading at $88,879 as of 8:14 am UTC, up over 29% during the past week, Cointelegraph data shows.

BTC/USD, 1-month chart. Source: Cointelegraph

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