Crypto Update | The Fishy Story Behind the Collapse of Silvergate, SVB and Signature Bank
Markets Outlook
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Continuing, Bitcoin Volatility Should Be Elevated
Bitcoin is rallying as financial stability risks send treasury yields crashing. The two-year treasury yield is down 49 basis points to just above 4%. With three US banks now disappearing within a week, crypto firms are stranded and hunting for new banking partners. As the censorship resistant, non-sovereign alternative asset can't be debased.
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