{"id":17705,"date":"2023-04-02T22:34:49","date_gmt":"2023-04-02T22:34:49","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-price-turns-28k-to-support-opening-the-door-for-eth-matic-hbar-and-eos-to-breakout\/"},"modified":"2023-04-02T22:34:51","modified_gmt":"2023-04-02T22:34:51","slug":"bitcoin-price-turns-28k-to-support-opening-the-door-for-eth-matic-hbar-and-eos-to-breakout","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/bitcoin-price-turns-28k-to-support-opening-the-door-for-eth-matic-hbar-and-eos-to-breakout\/","title":{"rendered":"Bitcoin price turns $28K to support, opening the door for ETH, MATIC, HBAR and EOS to breakout"},"content":{"rendered":"
The market witnessed a major banking crisis in March as Silicon Valley Bank and Signature Bank failed and Silvergate Bank entered liquidation as the result of dire financial distress. In Europe, the government brokered a forced takeover of Credit Suisse by UBS. Still, the United States equities markets and the European stock markets closed the month on a positive note.<\/p>\n
The cryptocurrency market was also shaken by volatility, but Bitcoin (BTC) gained about 23% in March. Going forward, the picture looks encouraging for Bitcoin bulls in April and data from Coinglass suggests that the month has largely favored the buyers.<\/p>\n