News
Latest News
news bulletin
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Other News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Beirut
28
o
Bekaa
28
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
26
o
North
30
o
South
28
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Nightly News Bulletin
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
28
o
Bekaa
28
o
Keserwan
29
o
Metn
29
o
Mount Lebanon
26
o
North
30
o
South
28
o
News
Programs
The News
Breaking Headlines
Israel-Gaza War Updates
Variety and Tech
Sports News
Middle East News
World News
Lebanon News
Press Highlights
Lebanon Economy
News Bulletin Reports
Programs
Series
Movies
Documentaries
Variety
Comedy
Talk Show
News Bulletin
Sports
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Bitcoin climbs to 9-month high as bank turmoil sparks rally
Variety
20-03-2023 | 06:18
High views
Share
Share
2
min
Bitcoin climbs to 9-month high as bank turmoil sparks rally
Bitcoin climbed to a nine-month high on Monday as turmoil in the banking sector drives some investors to turn to digital assets, as the cryptocurrency built on its best week in four years.
The biggest cryptocurrency rose as far as $28,567, its highest since mid-June, and was last up 0.9 percent, amid growing expectations that central banks would slow the pace of interest rate hikes.
Bitcoin rose 26 percent last week, its best weekly gain since April 2019, and has soared some 40 percent in 10 days as turmoil in the banking sector rippled around the globe - culminating, so far, in UBS Group's takeover of rival Credit Suisse Group AG over the weekend.
Traditional assets such as banking stocks and bonds plummeted on Monday after UBS sealed its state-backed takeover of Credit Suisse, a deal orchestrated in an attempt to restore confidence in a battered sector.
Top central banks, faced with the risk of a fast-moving loss of confidence in the stability of the financial system, moved on Sunday to bolster the flow of cash around the world. Such a global response has not seen since the height of the COVID-19 pandemic.
"Its stunning rally is the result of the banking crisis, and as the interest rate markets prices in rate cuts in the second half of 2023," said Tony Sycamore, an analyst at IG Markets, predicting a move towards $32,000 should bitcoin hold above the key support level about $25,000.
Other market players predicted that bitcoin would benefit from central bank efforts to bolster liquidity in the global financial system. It rose to a record of $69,000 in November 2021 after central banks and governments launched unprecedented monetary and fiscal stimulus measures.
"The momentum is all driven by liquidity," said Markus Thielson at digital asset firm Matrixport in Singapore.
Reuters
Bitcoin
Crypto
Cryptocurrency
SVB
Credit Suisse
Crash
Wreckage
UBS
Banking
Sector
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon News
08:27
Lebanon's President Aoun concludes official visit to Algeria with high-level meetings and cultural stops
Lebanon News
08:27
Lebanon's President Aoun concludes official visit to Algeria with high-level meetings and cultural stops
0
Middle East News
06:45
Turkey to start providing Syria with natural gas on August 2: Minister
Middle East News
06:45
Turkey to start providing Syria with natural gas on August 2: Minister
0
World News
2025-05-18
Estonia says Russia detained a tanker in Baltic Sea
World News
2025-05-18
Estonia says Russia detained a tanker in Baltic Sea
0
Lebanon News
09:11
Sheikh Ahmad Qabalan warns against government fragmentation and political escalation
Lebanon News
09:11
Sheikh Ahmad Qabalan warns against government fragmentation and political escalation
Videos
d-none hideMe
0
Lebanon News
2025-07-15
Pregnant journalist Petra Abou Haidar attacked in road rage assault
Lebanon News
2025-07-15
Pregnant journalist Petra Abou Haidar attacked in road rage assault
0
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
Lebanon News
2025-07-01
Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district
0
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
Lebanon News
2025-06-10
Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)
0
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
Lebanon News
2025-06-04
Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties
0
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
Lebanon News
2025-05-19
President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels
0
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
Lebanon News
2025-05-15
LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future
0
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
Lebanon News
2025-05-11
Kuwait rolls out official welcome for Lebanon's President Aoun – video
0
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
Lebanon News
2025-05-11
Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers
0
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
News Bulletin Reports
2025-05-09
EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
07:39
Lebanon declares August 4 a public holiday to mark Beirut Port blast anniversary
Lebanon News
07:39
Lebanon declares August 4 a public holiday to mark Beirut Port blast anniversary
2
Lebanon News
07:48
Middle East Airlines adjusts flight schedules to several destinations between August 1–6
Lebanon News
07:48
Middle East Airlines adjusts flight schedules to several destinations between August 1–6
3
Lebanon News
08:27
Lebanon's President Aoun concludes official visit to Algeria with high-level meetings and cultural stops
Lebanon News
08:27
Lebanon's President Aoun concludes official visit to Algeria with high-level meetings and cultural stops
4
Lebanon News
11:33
Bahaa Hariri to LBCI upon arrival in Beirut: Lebanon needs honest and loyal people
Lebanon News
11:33
Bahaa Hariri to LBCI upon arrival in Beirut: Lebanon needs honest and loyal people
5
Lebanon News
09:21
Supreme Judicial Council approves judicial appointments draft and refers It to Justice Minister for issuance
Lebanon News
09:21
Supreme Judicial Council approves judicial appointments draft and refers It to Justice Minister for issuance
6
Lebanon News
03:43
Lebanon reaffirms commitment to peace as deputy PM returns from UN conference on Palestinian statehood
Lebanon News
03:43
Lebanon reaffirms commitment to peace as deputy PM returns from UN conference on Palestinian statehood
7
Lebanon News
10:23
Highlights of Lebanon’s new judicial appointments following council approval
Lebanon News
10:23
Highlights of Lebanon’s new judicial appointments following council approval
8
Lebanon News
07:09
Saudi Ambassador says the future is bright for Lebanon
Lebanon News
07:09
Saudi Ambassador says the future is bright for Lebanon
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store
We use
cookies
We use
cookies
to make
your experience on this
website better.
Accept
Learn More