Bitcoin’s Price Rally Driven by Americans’ Safe Haven Bid: Matrixport

“Since the dip on March 10, Bitcoin has rallied by +44%. +31% of the rally was driven during the U.S. trading hours, and an indicator that Americans are buying bitcoins with both hands,” Markus Thielen, head of research and strategy, said in a note to clients, adding that the stress in the banking sector is not over.