Bitcoin rallied more than 8.6% Wednesday to its highest level in a week, after renewed selling of First Republic stock FRC revived concerns about the health of the U.S. banking sector.
The largest cryptocurrency BTCUSD on Wednesday briefly topped $30,000 according to CoinDesk data. Bitcoin has gained over 75% year-to-date though is still down over 55% from its all-time high in 2021.
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