Bitcoin holds above $24k as the banking crisis spreads around the globe

It was a day of consolidation for the cryptocurrency market as many tokens saw their recent gains pared by profit takers while Bitcoin (BTC) traded sideways and managed to hold above support at $24,000.

Things were a little more volatile in the stock market, as the banking crisis that started with Silicon Valley Bank has now gone international, with the stock price of Credit Suisse (CS) plunging by 20% on the day, resulting in the popular meme token Dogecoin (DOGE) having a higher market cap than the multinational bank. At the close of markets in the U.S., the S&P and Dow were in the red, down 0.69% and 0.87%, respectively, while the Nasdaq saw a minimal gain of 0.05%.