https://sputnikglobe.com/20230320/bitcoin-tops-28000-for-first-time-since-june-2022-1108585188.html

Bitcoin Tops $28,000 for First Time Since June 2022

Sputnik International

Bitcoin, the largest cryptocurrency, has topped $28,000 for the first time since June 2022 amid the banking crisis, trading data showed on Monday.

2023-03-20T05:54+0000

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As of 04:38 GMT on Monday, Bitcoin was trading at around $27,383 on the Binance cryptocurrency exchange, after it jumped to over $28,000 on Sunday evening. In 2022, the cryptocurrency's price correlated with the S&P 500 index of US stock exchanges, while there is no such connection now, as the index fell by 1.1% at the end of trading on Friday, analysts noted.The currency started at $0 in 2009, broke the one dollar barrier in 2011. About a decade later, Bitcoin would hit an all-time high of $69,000.

https://sputnikglobe.com/20221215/bitcoin-drops-amid-feds-decision-to-increase-interest-rate-1105484634.html

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Bitcoin Tops $28,000 for First Time Since June 2022

05:54 GMT 20.03.2023

© AP Photo / Kin CheungFILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, on Feb. 17, 2022. Bitcoin slumped to a two-year low, Wednesday, Nov. 9, and other digital assets sold off following the sudden collapse of crypto exchange FTX Trading, which has been forced to sell itself to larger rival Binance.

FILE - An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong, on Feb. 17, 2022. Bitcoin slumped to a two-year low, Wednesday, Nov. 9, and other digital assets sold off following the sudden collapse of crypto exchange FTX Trading, which has been forced to sell itself to larger rival Binance. - Sputnik International, 1920, 20.03.2023

MOSCOW (Sputnik) - Bitcoin, the largest cryptocurrency, has topped $28,000 for the first time since June 2022 amid the banking crisis, trading data showed on Monday.

As of 04:38 GMT on Monday, Bitcoin was trading at around $27,383 on the Binance cryptocurrency exchange, after it jumped to over $28,000 on Sunday evening.

A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021 - Sputnik International, 1920, 15.12.2022

Economy

Bitcoin Drops Amid Fed's Decision to Increase Interest Rate

15 December 2022, 12:36 GMT

In 2022, the cryptocurrency's price correlated with the S&P 500 index of US stock exchanges, while there is no such connection now, as the index fell by 1.1% at the end of trading on Friday, analysts noted.

The currency started at $0 in 2009, broke the one dollar barrier in 2011. About a decade later, Bitcoin would hit an all-time high of $69,000.