Switzerland’s largest banking institution – UBS Group – entered into a merger deal with its troubled rival – Credit Suisse. The former will pay $3.25 billion to finalize the deal, which is 60% less than what Credit Suisse was worth at the end of last week.

Bitcoin bulls are back, as the biggest crypto token by market capitalization surged past $28,000 for the first time since June.  The coin was trading at $28,399 at 3:09 p.m. EDT on Sunday, up 5.2% over the past 24 hours, according to TradingView data. It's surged a staggering 37.8% over the week and is up 20.8% over the past month. 

In a matter of days, investors' view on the outlook for the Bitcoin price has flipped from being bearish to bullish, as represented by a shift in options market pricing. The flip in investor sentiment comes as the Bitcoin price surges above the $28,000 level for the first time since early last June, taking gains since earlier monthly lows to over 44%.

General Bytes experienced a security incident on March 17 and 18 that enabled a hacker to remotely access the master service interface and send funds from hot wallets, according to the company and sources. The breach forced a majority of U.S.-based crypto automated teller machine (ATM) operators to temporarily shut down. The hacker was able to liquidate 56.28 bitcoins, worth approximately $1.5 million, from about 15 to 20 crypto ATM operators nationwide.

In response to Medlock's tweet offering to bet $1 million that the US will not enter hyperinflation, Srinivasan has offered to take the bet with 40:1 odds in his favor.

The market capitalization of Bitcoin (BTC) has added $194 billion in 2023. Its 66% year-to-date (YTD) growth is vastly outperforming top Wall Street bank stocks, particularly as fears of a global banking crisis are rising.

Deribit, the largest Bitcoin and Ether options exchange, plans to launch futures contracts to facilitate Bitcoin volatility trading.

Bitcoin and the broader crypto market have maintained more bearish trends than bullish ones since 2022.  Ryan Selkis said on Twitter that the leading cryptocurrency’s adoption rate among traditional financial institutions and corporations would accelerate at an unprecedented pace, hitting a six-figure valuation.

In 2010, the first known commercial Bitcoin transaction took place, where 10,000 BTC was exchanged for two pizzas.

After a month of fluctuations, Bitcoin is currently on an upward trend, trading at $26,300. The 200-day moving average (MA) provides a strong support level, suggesting that BTC may be primed to reach new annual highs and approach the $30,000 level. However, this rally may be coupled with high volatility.