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Crypto Update | Banking Industry Shakeup: Crypto Ties, Acquisitions, Detentions and Regulatory Jurisdiction

Markets Outlook

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Introduction

The crypto market managed to hold its crown over the weekend with Bitcoin ranging between $27,000 and $28,000. Ether was also down slightly over the past 24 hours, but is still very much towards the top of its recent range as well. European stocks opened higher this morning as investors hoped for an M2 banking volatility while U.S. equity futures are also etching higher. The latest decentralized finance or DeFi crisis seems to be coming to a close after hacker Yuler returned something like $200 million worth of assets from the protocol.

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