Bitcoin grew by 72.3% in just 3 months of 2023

The flagship cryptocurrency managed to grow by 72.3% in just 3 months of 2023, which was the largest increase since the first quarter of 2021. Back then, BTC rose by 103.2% from January to March.

According to CoinGecko, bitcoin is currently trading at $ 28,358, with quotes for the main cryptocurrency up 26.8% over the past 30 days. The most profitable month of the new year was January, when bitcoin grew by 39.9%.

Due to the rapid growth in value, BTC became the best performing asset in the first quarter. The dynamics of bitcoin has eclipsed the most popular assets: since the beginning of the year, the token has surpassed the S&P 500, gold, real estate, and the Nasdaq 100 in terms of profitability.

Experts pointed to the growing interest in the flagship cryptocurrency amid the development of the US banking crisis. Investors have become convinced that the banking sector is less stable, so they need to look for an alternative for investing, and for many users, bitcoin has become it.

On the morning of March 30, bitcoin even managed to reach an annual high. According to the Binance cryptocurrency exchange, the price of BTC reached $ 29,184 at its peak, which is the level of June 2022.