This growth comes amid the turmoil in the US banking industry after the bankruptcy of Silicon Valley Bank. Recall that this bank has served nearly half of the venture tech startups in the United States over the years.
As a result, investors turned to the cryptocurrency market, which led to an impressive rise in bitcoin price.
So currently over $27,000 is being offered for a coin. The growth rate of the main cryptocurrency has had a positive impact on other players. Thus, Ethereum grew 21.5% over the week, with BNB, Solana, Litecoin and Avalanche adding more than 20%.
Source: Ferra
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