In the aftermath of the Silicon Valley Bank (SVB) collapses on March 10, 186 banks were identified as being at risk, as per recent research. These banks are dealing with problems equivalent to those that led to Silicon Valley Bank’s demise. Federal Reserve’s rapid rate-hike campaign reducing the bank’s assets,
The sudden collapse in banks made a negative impact on the Stock market. The most active stocks like Dow Jones, S&P 500, and Russel 2000 index are facing a downfall in the market. At the same time, the crypto industry has been witnessing a bullish market after the great collapse.
While the global cryptocurrency market signals some recovery from its yesterday’s loss, a community-driven, decentralized autonomous organization called “Cult DAO” appears to be sparked in “Crypto Twitter’ with its liquid token CULT. Without any specific reason, the $Cult community making a loud noise on social media, Twitter, with more than
The global crypto market leader, Bitcoin (BTC), surged over 6.48% in the last 24 hours and reached a nine-month high of $26,256 after taking a deep dive into the $15K range during the prolonged bear market. In addition, BTC recapped a market cap of the $5 billion range since June
Ethereum (ETH) price undergoes an instant surge of 3.8% in just two hours. The price soared up to $1,726.62. The largest altcoin in the crypto market was expected to experience its golden period after the PoS consensus upgrade. But reality differs from it. Post the change of mechanism in September
Once again, the Dog-themed memecoin “Floki (FLOKI) sparks in the Twitter Crypto” by entering the top 10 purchased tokens list among the 2000 largest Binance Smart Chain (BSC) whales in the last 24 hours, according to the Whalestats, a data aggregator who used to monitor whale activities. In addition, the
After the prolonged bear market, the year 2023 starts with a bull run in the cryptocurrency industry. Also, the Silicon Valley Bank’s failure, which led the stock markets to face heightened volatility, brought more attention to the digital market. And the global crypto market cap regained its $1.1 trillion cap.
The inherent nature of the failure of Silicon Valley Bank and its effects on the stock market over the past week have not yet been solved. Investors and authorities have switched their attention from the United States to Europe. Credit Suisse led a selloff of bank shares after its largest
A prominent exchanger monitor, BestChange.com, provides users with a simple and safe method to convert fiat money into well-known cryptocurrencies like BTC, ETH, XMR, and many others. Since its founding in 2007, BestChange, the home of 250+ exchangers, celebrated its anniversary in June 2022. resulting in over 15 years of
Since heightened volatility during pre-market hours on Monday, significant bank stocks have been suspended in the wake of Silicon Valley Bank’s demise. That led equities to witness a crucial selloff. Also, the shares of First Republic Bank dropped by more than 60% due to a cascading effect from the second-largest
