In this week’s episode of The Market Report, Cointelegraph’s resident experts explain what’s going on with banks collapsing, stablecoins in decline and what you need to do to stay safe.
This week on The Market Report, the resident experts at Cointelegraph discuss all the details of the latest banking collapse and the USD currency.
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We kick things off with this week’s top stories
Silicon Valley’s Bank Collapse: Everything That Has Happened So Far
The sudden collapse of Silicon Valley Bank (SVB) unfolded rapidly over the past week, unraveling stable currencies, leading regulators in the United States and Great Britain to prepare emergency plans and fears among small businesses, venture capitalists and other depositors of funds that are. stuck at the californian tech bank. Our experts here at Cointelegraph Markets & Research break down everything that’s happened so far, so you’re up to speed on all the latest developments.
‘No One Left to Bank Crypto Companies’ – Crypto Twitter Reacts
Crypto companies may find it harder to access traditional banking partners with the loss of two major crypto-friendly banks in less than a week, according to some in the crypto community. These banks were seen as important banking pillars for the crypto industry. Signature Bank had $88.6 billion in deposits as of Dec. 31, according to insurance filings. Crypto Twitter believes that there is no one left to bank crypto companies in the US, but is this really the case? Are there no other banks willing to work with crypto companies? Our experts break it down for you.
Bitcoin Price Approaches $25K As Analysts Bet On CPI Impact
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making overnight monthly highs of $24,917 on Bitstamp. The pair remained buoyant after the impact of several US bank shutdowns sent crypto markets soaring. Now, all eyes have temporarily been on the consumer price index (CPI) pressure for February when it comes to short-term BTC price action. A classic crypto-volatility catalyst in itself, last month CPI showed an unwelcome slowdown in falling inflation; this in turn has led to fears that the Federal Reserve will keep interest rates higher for longer. However, since the banking crisis has overshadowed the inflation debate, expectations are beginning to turn around the Fed, leaving interest rates altogether. How will Bitcoin be
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and the crypto market as a whole reacts if this were to happen?
Our experts cover these and other developing stories, so be sure to tune in to keep up with the latest in the world of crypto.
Finally, we have insights from Cointelegraph Markets Pro, a platform for crypto traders who want to stay one step ahead of the market. Our analysts use Cointelegraph Markets Pro to identify two altcoins that stood out this week, so be sure to tune in to find out who made the cut.
Have a question about a coin or a topic not covered here? Don’t worry – join the YouTube chat and write your questions there. The person with the most interesting comment or question will have a chance to win a one-month subscription to Markets Pro valued at $100.
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