The cryptocurrencies operate unevenly this Thursday, March 16, as fears regarding the lack of liquidity of the banks after the bankruptcy of Silicon Valley Bank (ETH) dissipated.
The cryptocurrencies They operate unevenly this Thursday, March 16, as fears regarding the lack of liquidity of banks after the bankruptcy of Silicon Valley Bank (ETH) dissipated. In this sense, Bitcoin operates with gains of up to 1.4% and maintains US$24,000, while Ethereum falls 1%.
In the rest of the market, there are falls in several of the 10 main cryptocurrencies by up to 4% in the hands of Polygon, followed by Dogecoin (-3.7%) and Cardano (-2.7%).
Investors are still pending how the Federal Reserve (Fed) will act after the dramatic turn that the market took last week. According to analysts, there is almost a 70% probability that the rate hike will be “only” 25 basis points; a week ago, a 50 basis point rise was more likely as the days passed. Experts such as Goldman Sachs believe that the Central Bank should pause raising rates.
This day is marked by the bailout received by Credit Suisse from the Swiss Central Bank thanks to an injection of liquidity. The Swiss central bank agreed to lend the entity $50 billion and allowed it to buy back debt to improve market confidence.
In the sphere of cryptocurrencies, it should be noted that the US justice system is investigating Signature Bank for alleged violation of federal laws.
Source: Ambito
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