On Monday, March 13, Bitcoin surged more than 18 percent to reach 24,400 dollars, a move that followed updates from a prominent trading platform. The sudden price swing reflected the market’s reaction to new information circulating about the state of digital assets and liquidity in the space. At 18:10 Moscow time, Bitcoin had climbed 18.34 percent on the day, lifting its price to 24.4 thousand dollars as traders weighed fresh data and sentiment in a volatile environment.
Prominent investors weighed in on Bitcoin’s recent trajectory. American entrepreneur and author Robert Kiyosaki, known for the book Rich Dad Poor Dad, suggested that buying Bitcoin could be prudent amid concerns about ongoing monetary policy shifts. He argued that rapid bank failures could pressure the Federal Reserve to print more money to support a fragile economy. His comments come as three American banks—Silvergate Bank, Silicon Valley Bank, and Signature Bank—faced insolvency or distress, prompting discussions about the stance of the Federal Reserve and the broader financial system.
Bitcoin, the world’s first cryptocurrency, continued its volatile movement into the second half of February and into March. By the close of trading in the early hours of March 13, the cryptocurrency had traded around 23,539 dollars on the Binance platform, illustrating the persistent price fluctuations that have characterized Bitcoin since mid-month.
In related remarks, the U.S. Treasury and the administration signaled a firm approach to recent bank stress events. Treasury Secretary Janet Yellen, in a TV interview, indicated that there would be no bailout for bankrupt institutions, underscoring a message that the government would not intervene to rescue every failing bank. The stance reflects a broader debate about the resilience of the banking system, regulatory oversight, and the potential spillover effects on the broader economy and digital asset markets. Source: Reuters