🧵 1/3: Bitcoin sets a new May high of over $29.5K as it inches towards the $30,000 mark. US banking crisis lingers, leading to #crypto market jitters. #crypto
🧵 3/3: Traders eye the potential for a closer rematch with $30,000 and higher as BTC price action remains optimistic. Popular trader Alan remains bullish.
If the crisis intensifies then BTC might rally harder even before the halving event. Anyway, this banking crisis was looming. Higher interest rates could exacerbate the problem further.
🧵 2/3: All US regional banks faced the first-ever dip in their stocks on May 5th. Financial observers predict this could lead to further fallout.
🧵 3/3: Traders eye the potential for a closer rematch with $30,000 and higher as BTC price action remains optimistic. Popular trader Alan remains bullish.
🧵 Read more at: https://cointelegraph.com/news/bitcoin-price-sets-new-may-high-above-29-5k-as-traders-eye-breakout
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If the crisis intensifies then BTC might rally harder even before the halving event. Anyway, this banking crisis was looming. Higher interest rates could exacerbate the problem further.