Best Crypto to Buy Now 17 March – LHINU, STX, FGHT, FTM, METRO, CCHG, TARO

cryptonews.com:

Bitcoin hit a new nine-month high earlier today as a result of the latest events surrounding the U.S. banking crisis, which have given a boost to the crypto market. According to coinmarketcap, Bitcoin registered a high of $27,002 before settling on the current price of $26,420 which is an increase of 6.37% so far today.

Considering the recent uptrend in Bitcoin due to the U.S. banking crisis, what are some of the best cryptos to buy today?

The Federal Reserve has been actively lending money to banks in response to the U.S. banking crisis. The Fed allocated $143 billion to holding companies for failed banks and lent $148 billion through the "discount window" program.

Additionally, it inaugurated the Bank Term Funding Program, which has so far lent $11.9 billion to help banks raise funds to meet depositors' needs.

Economist Peter Schiff speculates that these bank bailouts are essentially quantitative easing (QE) making a comeback and that it will undo the four months of quantitative tightening (QT). Schiff warns of the possibility of higher inflation as a result, as the Fed's balance sheet could reach a new high by the end of the month, which could happen regardless of any rate hikes.

Although stocks have remained stagnant throughout the day, Bitcoin's uptrend shows no sign of slowing down. The next potential target for BTC is the horizontal resistance zone ranging from $28,000 to $28,500. However, for this uptrend to continue, it is crucial for Bitcoin to achieve a successful close above the $25,000 to $26,000 level.

To make informed investment decisions, investors should exercise caution and carefully evaluate their options, especially given the recent volatility and macroeconomic developments in the cryptocurrency market.

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