Bitcoin has jumped nearly 50 percent since the beginning of this year, despite the collapse of one of the major cryptocurrency banks, Signature Bank, outperforming commodities such as gold and major stock indices.
The cryptocurrency price rose from $ 16.5 k on January 16.5 k to $ 25 k levels on Wednesday, supported by the upward wave that started on Sunday.
This rise in the value of Bitcoin comes after a decline of about 65 percent during 2022 due to the collapse of the cryptocurrency company “FTX”, and it is still down by more than 60 percent compared to the historical level recorded in November 2021 at $ 69 thousand.
A group of other cryptocurrencies recorded a rise, led by “Solana” and “Ethereum”, which jumped by 100 and 43 percent, respectively.
