The US banking crisis is what catalyzed the 2023 bull run, according to BitMEX’s Arthur Hayes.
Bitcoin’s rally shows no signs of slowing as it edges toward $90,000 in what is shaping up to be its best weekly run since the United States banking crisis in 2023.
The Bitcoin (BTC) price surpassed the $85,000 record high on Nov. 11, but just as a temporary pit stop. The world’s first cryptocurrency is trading at $88,879 as of 8:14 am UTC, up over 29% during the past week, Cointelegraph data shows.
BTC/USD, 1-month chart. Source: Cointelegraph
