Cryptocurrencies operate volatile and opt for the fall

Cryptocurrencies trade volatile and opt for the low within the framework of turmoil in the banking sector in the United States and Europewhere giants of the financial world such as the Credit Suisse and the Deutsche Bank they were in trouble in the last few days.

He Bitcoin it falls 0.4% and trades at US$27,667. In this way, in the last 24 hours it accumulates a decrease of 2%. For his part, ethereum it follows the same trend as the main cryptocurrency and falls 0.4%, marking a price of $1,759 and accumulating a 2.1% drop in the last day.

XRP is one of the winners regarding daily cryptocurrency gains. This cryptocurrency rose 5.3% in the last 24 hours, despite the fact that it is currently falling 1.2%. Thus, at this moment it has a price of US$0.44.

Another of the winning cryptocurrencies Tether, which remains stable and accumulates a rise of 1.6% in the last 24 hours, reaching a price of $1.01.

This occurs within the framework of a banking crisis in which, after the collapse of several banks in the United States (Silicon Valley Bank and Signature Bank) and the credit suisse bailoutthe financial markets had to look at the Deutsche Bank.

Germany’s Deutsche Bank slumped as the cost of insuring its debt against default risk rose to its highest level in four years. In reaction, the pan-European STOXX 600 index lost 1.4% last Friday, but still ended the week higher.

Faced with so much instability in the banking sector, the United States Secretary of the Treasury, Janet Yellencalled last Friday the financial regulators to an emergency meeting to try to stop the crisis.

In this way, Wall Street, which had started the round downwards, closed higher, given a much calmer climate before the words of US Treasury Secretary Janet Yellen, who said steps would be taken to keep American deposits safe.