Bitcoin’s price went on a rollercoaster in the past few days following the Fed’s latest interest rate hike but has calmed around $28,000 as of now.

Bitcoin (BTC) and other cryptocurrencies sustained a considerable blow as the U.S. Federal Reserve’s decision to raise interest rates resulted in the liquidation of hundreds of millions of dollars from the markets.

Environmental group Greenpeace’s latest salvo against Bitcoin (BTC) has seen the commissioning of an artwork aimed at highlighting its climate impact. Instead, the art piece has been widely praised by Bitcoiners, who want to adopt it as its mascot.

Bitcoin’s mining difficulty level rose 7.56% on Friday, hitting an all-time high along with the network’s hashrate, showing miners are applying more computing power. The difficulty changes roughly every two weeks, and is a measure of how much computing power is required for mining bitcoin blocks to be rewarded with Bitcoins.

The daily fees for inscribing Bitcoin Ordinals, which are NFTs on the Bitcoin Network, hit an all-time high of 9.28 BTC or $257,460 on Thursday, according to a report by Dune Analytics. The rise in transaction fees is attributed to Bitcoin Apes, a variation of popular NFT collection Bored Ape Yacht Club, which is being reproduced on the Bitcoin Network.

According to BTC.com, the difficulty of the entire Bitcoin network has risen to 46.84 T, setting a record high. The next difficulty estimated will reach 46.75 T, with an increase rate of -0.21%. The current average computing power of the entire network is about 339.23 EH/s.

Galaxy Digital Founder and CEO Mike Novogratz called Bitcoin “a report card on monetary policy and financial stability” and said that — according to his firm’s research — “on a risk-adjusted basis, BTC is the best-performing asset of the year, outpacing growth stocks, banks, and major stock benchmarks.”

A finance professor emeritus at the Wharton School of the University of Pennsylvania, Jeremy Siegel, expects the price of bitcoin to fall when people feel they are “safe in the banks again.” Following the collapse of several major banks, he noted that “Bitcoin is enjoying its biggest rally in a long time.”

Bitcoin’s (BTC) 17.5% rally between March 16 and March 22 surprised options traders betting on price levels below $26,000. The movement resulted from investors seeking protection against persistent inflation and the ongoing banking crisis.