Bitcoin Climbs as US Bank Failure Bolsters Crypto Narrative
- Crypto gains as the stock market declines on banking concerns
- Latest bank collapse puts a ‘positive spotlight’ on Bitcoin
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Bitcoin climbed Tuesday as renewed fears of stability in the US financial system bolstered the price of cryptocurrencies.
The largest digital asset by market value rose as much as 4.4% to $28,892 in New York trading hours, with Ether, the second largest token, also up 3.7%.