Bitcoin market liquidity has dropped to a 10-month low, despite a bullish quarter in terms of price gain. The liquidity dry-up is partly attributed to the bank run in the United States and the ongoing regulatory actions against crypto companies.
BTC price has registered a 45% surge in 2023, making it one of the best-performing assets. The Bitcoin price gains come amid a looming financial crisis in the traditional financial market, with stocks and bonds seeing one of their worst years. As the financial crisis has worsened, several banks have collapsed.
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