Bitcoin price surged on March 19 to surpass the $28,000 zone, marking a 16% boost in value in the past seven days, according to Cointelegraph’s MarketPro data.
At the time of writing, the leading cryptocurrency was trading at $28,063, a 2.4% increase in the past 24 hours. The price reached $28,459 at its highest point during the day before trading at $26,877 during the day’s low.
Overall this week, Bitcoin has gained over 37% against the U.S. dollar. Bitcoin’s market capitalization added $194 billion in 2023, representing a 66% gain year-to-date, outperforming Wall Street banks stocks, especially with fears of a global banking crisis rising. Bitcoin is up about 65% so far this year, versus the S&P 500’s 2.5% gain and Nasdaq’s 15% decline in 2023.