Bitcoin (BTC) saw a temporary dip in price with US equities at the Wall Street open, but quickly rebounded to a new May high of $29,529 on Bitstamp. Ongoing market jitters from the US banking crisis, which is now impacting several regional banks, continue to shape observer sentiment. However, traders are optimistic about a potential rematch with $30,000 and higher, with some setting a "best case" scenario of tapping range $32,000 and dumping. The next rate decision by the Federal Reserve, due in mid-June, is not expected to result in another shift higher.

(By WILLIAM SUBERG)