As the price of Bitcoin surges to its highest level in nine months and the cryptocurrency’s market cap climbs over $1 trillion, many are questioning how high it can rise. While some speculate that Bitcoin is in the midst of a sustained bull run, others believe a correction may be due. Recent bank collapses – including Silicon Valley Bank, Silvergate, and Signature Bank – have highlighted the fragility of the conventional banking sector, prompting investors to search for reliable alternatives. The Federal Reserve’s reversal of its quantitative tightening policy has buoyed bulls in the BTC/USD market, while concerns about a global banking collapse have decreased the likelihood of interest rate hikes. The value of Bitcoin has surged by over 35% in the past week, reaching $27,500 and signaling potential for further bullish momentum. Experts have compiled a curated list of the top 15 cryptocurrencies to watch in 2023, featuring insights from industry players, but caution that the Industry Talk section is not a part of Cryptonews.com’s editorial content. Finally, readers are directed to Cryptonews’ cryptocurrency price tracker to find the best price for buying and selling digital assets.
