Cryptocurrency Analysis and News Portal
The world of blockchain and cryptocurrency is constantly evolving. As a rapidly changing market, investors should keep up with the latest trends. Recently, interest in alternative investments triggered by the global banking crisis, such as Silvergate and Silicon Valley Bank (SVB), has been focused on the cryptocurrency market. Interestingly, according to
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When liquidity is low in any financial market, volatility is high in both directions. Prices have less support on both the downside and the upside. In this instance, the narrative of bitcoin as a hedge against financial calamity gave BTC the push it needed. But there was little upside resistance
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U.K. lobbying groups and lawmakers have been complaining that crypto clients can’t find a bank and are faced with restrictions, so they are calling the government to act. Source
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U.S. Treasury secretary Janet Yellen initiated an unscheduled Financial Stability Oversight Council (FSOC) meeting with the country’s top financial regulators on Friday amid issues plaguing the U.S. banking sector. Banking stocks and all four U.S. benchmark indexes fell again on Friday as the government’s efforts last week failed to quell
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Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country
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The banking crisis could be the spark that will kick off the next crypto bull run, in which Bitcoin (BTC) is likely to outperform all other cryptocurrencies — according to Mike McGlone, senior commodity strategist at Bloomberg Intelligence. Following the collapse of major banks such as Silicon Valley Bank and Credit
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The cryptocurrency market is seeing a surge in popularity as traditional banking networks struggle to keep up with demand. With the recent collapse of Silicon Valley
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Still, in the longer term it is vital for the crypto ecosystem to replace the banking networks that have been lost so that fiat currency can be transferred efficiently and securely between market participants, “ensuring at the same time the stability of the stablecoin universe,” the note added. Source
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Ether, the second larges crypto in market value, was recently changing hands at $1,810, up 4.6% from Wednesday, same time. Other major cryptos were largely in the green, regaining ground lost the previous day. Stablecoin XRP and TRX, the token of blockchain-based platform Tron Network, recently rose 5.7% and 9.4%,
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Zurich-based digital asset bank Sygnum is seeing an influx in inquiries from international crypto firms looking for new banking partners following the recent collapses of crypto-friendly banking giants in the United States.Dominic Castley, chief marketing officer at Sygnum, told Cryptox in an email that they are receiving more onboarding inquiries
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