Bitcoin Slides Below $24.5K as European Banking Woes Spook Investors

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.

_jocelynyang_ All they gotta do is hodl btc till next year and they will outperform the rest of the market by a huge margin

'Good thing Bitcoin is always a safe option to store your money!'

It's concerning to see Bitcoin prices fall due to worries about a banking crisis in Europe. Hopefully, a resolution can be found soon.

_jocelynyang_ The banks is end🤣 but crypto is future digitaly money🚀🚀

_jocelynyang_ Syntrum is still in its early stages,team has already made significant progress, 0xSyntrum 0xSyntrum nft

_jocelynyang_ Given the current state of the mature financial market here in the US, Folks are going to put more money into a great unknown like Bitcoin ? Software that is energy SUCKING , not fast enough for real-time transactions.. oh and... HACKABLE !!!! DONT say it's not ...

_jocelynyang_ Go now and grab some Boba Inu! 😉

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