Bitcoin Price and Ethereum Prediction: A Packed Week Ahead - Potential Breakout Catalysts for BTC and ETH

cryptonews.com:

Bitcoin (BTC), the world's largest cryptocurrency, has gained popularity and experienced a spike in recent days, hitting over $28,000, a 22 percent increase this month and a 65 percent increase since the beginning of the year. Meanwhile, Ethereum (ETH), the second largest cryptocurrency, has been strongly bid around the $1,750 mark.

However, the reason for their winning streak might be tied to the ongoing US banking crisis, which has prompted some customers to lose faith in traditional banks and turn to crypto trading instead. This is evidenced by the strong price rally of Bitcoin.

It's worth noting that approximately $100 billion was withdrawn from deposits in the week ending March 15. 

Despite this, the cryptocurrency market has maintained a value of over $1.16 trillion and continues to be an attractive investment option.

The ongoing US banking crisis has caused many customers to lose faith in traditional banks and turn to crypto trading instead. It's worth mentioning that the deposit of US banks fell significantly from March 8 to March 15 due to worries of a banking collapse.

Meanwhile, Bitcoin has risen 35% in the last two weeks, reaching as high as $28k. This indicates that consumers are shifting their savings from banks to cryptocurrencies.

However, the rise in BTC prices is because many Americans, including institutional investors, have been buying Bitcoin in large quantities recently, believing that Bitcoin will eventually replace the US dollar as the world's reserve currency. 

This can be attributed to the fact that the value of the dollar tends to decrease during times of financial crisis. Hence, Bitcoin seems to be a popular choice for investors when things are uncertain.

Moving on, traders and authorities are keeping