Other banks in difficulties, the recent interest rate increase of the Fed and the new 9-month high of Bitcoin: The crypto review of this week

Other banks in difficulties, the recent interest rate increase of the Fed and the new 9-month high of Bitcoin: The crypto review of this week

The cryptocurrency room recently was pleased when several large US banks stopped their services and had to intervene the FDIC and other supervisory authorities to stop the infection. However, the crisis expanded to Europe this week, with two of the best -known names being faced with significant problems.

The Credit Suisse was taken over by the largest Swiss bank-UBS-for almost $ 3.3 billion, which was more than 60 % less than the value of the former days ago. This led to a further increase in price movements for Bitcoin, which brought it to a new nine -month high of almost $ 29,000. Deutsche Bank is the other name that has recently made headlines because the share price collapsed 10 % daily on Friday and fell by over 25 % in one month.

In the next few days, further volatility followed because it was expected that the Federal Reserve would take a step in relation to its interest policy. Since so many banks get into difficulties due to the record -high interest rates, many experts believe that the central bank will stop, increase them or even begin to lower them. However, this was not the case, and the Fed increased the key interest rates by another 25 basis points.

This triggered an immediate drop in price for BTC and other risky assets. The largest cryptocurrency fell by $ 2,000 within hours, but the upward mood has recently returned immediately. Even the temporary problems of Binance on Friday were not able to affect Bitcoin for long, since the asset increase over $ 29,000 today and thus marked another multi -month high.

Despite the equally quick traceably, it is obvious that Bitcoin has had an impressive run in the past 10 days or so. The Fear and Greed Index indicates the same, since the key figure has risen to the highest level for well over a year.

market data

Market capitalization: $ 1,220 t $ | 24-hour band: $ 67 billion | BTC dominance: 44.8 %

BTC: 28.284 $ (+12.2 %) | ETH: $ 1,790 (+6.2 %) | BNB: $ 325 (-2%)

The crypto headlines this week should not be missed

Bitcoin rose over $ 28,000 after UBS had approved the purchase of Credit Suisse . As mentioned above, the greatest news from the global financial industry in the past ten years came from Switzerland when the country's largest bank approved the purchase of the Credit Suisse, but the shareholders may not have received the full number of stocks that they had before the deal.

arbitrum (Arb) begins with the trade: Here is what the Airdrop is worth . The long -awaited Airdrop of Arbitrum's new token finally took place on Thursday. As expected, many price fluctuations were received. Arb temporarily gave up almost $ 9 before it went back to $ 1.45.

sec issues Wells notification against coinbase due to listing non -registered securities . The US stock exchange supervisory authority Securities and Exchange Commission does not seem to stop tightening its grip on the cryptocurrency industry. This time the US regulatory authority followed Coinbase and sent a source announcement in which it was claimed not to write down any registered securities.

The Fed increases interest rates by 25 points, which leads to Bitcoin volatility . The second annual FOMC meeting took place on Wednesday, and all eyes were directed towards the Federal Reserve after the banking crisis in the USA. While the expectations of whether the central bank will actually increase the key interest rates, their decision to raise them by another 25 basis points led to a massive BTC volatility.

reports that Terras Do Kwon was arrested in Montenegro . After months of escape, reports appeared on Thursday that the notorious co -founder of Terra was finally arrested in Montenegro. Shortly afterwards, US prosecutors accused him of having carried out a cryptocurrency fraud.

Telegram integrates Tether (USDT) payments in the tron network . On the crypto adoption front, the huge messaging service Telegram began to allow users to send Tether (USDT) on its platform. Interestingly, the payment options with the stablecoin are initially only supported on Tron.

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