https://cbcat.io/wp-content/uploads/2023/03/andre-francois-mckenzie-iGYiBhdNTpE-unsplash.jpg 1282 1920 Claudia https://cbcat.io/wp-content/uploads/2022/11/logotip_CBCat-aaff00_250px.png Claudia2023-03-13 13:31:592023-03-13 15:45:27How is the US banking crisis affecting cryptocurrencies?
How is the US banking crisis affecting cryptocurrencies?
Article taken from Cointelegraph
Bitcoin is starting another bullish week, climbing above $22.000 as the Federal Reserve (FED) injects liquidity into the US economy.
In a move that can rival any classic Bitcoin rally, BTC/USD is up 15% from two-month lows hit on March 10. The volatility—and at least temporary relief for the bulls—is due to events in the US following the failure of one bank, and the forced shutdown of another.
Silicon Valley Bank and Signature Bank are the latest victims of a brutal year for financial institutions with the Fed raising interest rates. Will this trend continue?