Bitcoin (BTC) broke the $27,000 mark during trading on Friday, March 17, gaining over 7% on the day and over 30% on the week. As indicated in the statistics of the cryptocurrency exchange Binance.
BTC hit this mark for the first time since June 13, 2022. At its peak, Bitcoin was worth $47,000.
Leading altcoins also rose in price. The price of Ethereum (ETH) rose by 5.5%, BNB rose by 7.2%, Polygon (MATIC) by 5.1%.
Earlier, on March 14, Capital Lab partner Evgeny Shatov explained to cryptonewsherald that the bitcoin rate rose significantly against the background of news about the launch of a state program in the United States, the purpose of which is to provide local banks with access to liquidity to cover deposit obligations.
At the beginning of 2023, the Bitcoin exchange rate was at the level of $16.5 thousand. On February 16, BTC rose above $25 thousand, which was the maximum since August 2022. On February 27, according to the CoinDesk cryptocurrency exchange, it was at the level of $23.7 thousand.
The founder of Anderida Financial Group, Alexey Tarapovsky, expressed the opinion on January 14 that the increase in the cost of bitcoin is most likely a temporary phenomenon and it is too early to talk about a long-term growth trend.