The collapse of various US banks connected to the digital economy led to greater investor attention towards exchanges and cryptocurrency services.
These digital assets have become an attractive and more secure option as they are independent of the traditional US financial sector, leading to a price increase of bitcoin by over 15% in a week.
Additionally, downloads of applications for storing and exchanging virtual currencies, such as Coinbase, Crypto.com, Binance, Blockchain.com or KuKoin rose by roughly the same amount.
In contrast, downloads of applications from large banks fell by around 5%. This surge in crypto sphere activity created the conditions for Bitcoin’s March rebound.
