According to many analysts, the banking crisis had not even begun yet. Someone is prophesying a new Great Depression, while someone is buying up cryptocurrencies and precious metals with might and main. We are following the development of events because this directly affects the crypto market, which is growing steadily despite all the shocks. Bitcoin has already surpassed $28,000. Other altcoins need to catch up. So, what's new in the banking world?
➖ SVB financial group filed for Chapter 11 bankruptcy filing
➖ Troubled Swiss bank Credit Suisse sold under the hammer for $3.2 billion (instead of the pre-crisis $8 billion). The deal was closed by financial holding UBS AG
➖ The Fed, together with the central banks of England, Canada, the EU, and Switzerland, decided to coordinate their actions to prevent the global financial crisis
➖ Senator Michael Bennet of Colorado stated that banks working in the crypto industry act "recklessly"
➖ Shares of Hong Kong HSBC Holdings Plc fell by 6.6% in Hong Kong trading, which was the most significant drop in almost six months
➖ Cathy Wood, CEO of ARK Invest, stated that cryptocurrencies had become protective assets in the context of the banking crisis
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