Bitcoin slid below $24K at one point as investors weighed a potential European banking meltdown triggered by concerns about oft-embattled Credit Suisse. BTC later recovered some of the ground it lost. _jocelynyang_ reports
it would provide CS with liquidity “if necessary,” and rejecting the notion that contagion tied to the failure of two, large U.S. regional banks over the past week had spread overseas.
Regional banking stocks also plunged, with First Republic Bank and PacWest Bancorp falling 21% and 13%, respectively. While banking turmoil could ultimately become a bullish moment for bitcoin, “for now crypto weakness is justified,” Moya added.that currently around 55% of traders believe the Fed will not raise interest rates at its next Federal Open Market Committee meeting starting March 22. An additional 45% expect the Fed to boost the rate by 25 basis points , a stark change from a week ago when an increasing number of observers felt the Fed would increase the rate by 50 bps.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cowboys, Donovan Wilson agree to three-year contract worth up to $24 millionOne of the Cowboys’ biggest questions on defense in free agency has been answered. Safety Donovan Wilson is staying with the team. He agreed to a three-year...
Read more »
Bitcoin price nears $25K as analysts place bets on CPI impactBTC price looks to attack $25,000 with Bitcoin bracing for new U.S. CPI data.
Read more »
Peter Schiff Believes Bitcoin (BTC) Is Losing to Gold Despite 20% Rally: Here's WhyPeter Schiff compares two assets once again following impressive performance of BTC
Read more »
Bitcoin price sees new 2023 high as CPI sends BTC price above $26KBTC price surges to near $26,000 as Bitcoin hits nine-month highs on the back of CPI data conforming to expectations.
Read more »
Bitcoin (BTC) Now Worth Half a Trillion DollarsBitcoin's market capitalization has surpassed $500 billion as its price reaches $26,533 on the Bitstamp exchange, the first time it has hit that mark since July 2022
Read more »
$260M of Short Positions Liquidated as Bitcoin (BTC) Crosses $26KBitcoin has surpassed the highly coveted $26,000 level, reaching a year-to-date high and sending crypto bulls into a frenzy while
Read more »