Bitcoin’s Correlation to Gold Increases as Crypto Rally Continues
Bitcoin's correlation with gold is strengthening as it decouples from US stocks.
BTC$63,968.00-0.68%
ETH$1,732.09-0.17%
USDT$0.9987-0.01%
USDC$0.9997-0.01%
XRP$1.13-1.49%
SOL$73.53-0.16%
TRX$0.3278+0.57%
FIGR_HELOC$1.03+0.00%
HYPE$65.79-5.40%
DOGE$0.083-0.59%
USDS$0.9997+0.01%
RAIN$0.0144-0.30%
LEO$9.58-0.09%
ZEC$443.35-5.52%
XLM$0.2109-2.24%
BTC$63,968.00-0.68%
ETH$1,732.09-0.17%
USDT$0.9987-0.01%
USDC$0.9997-0.01%
XRP$1.13-1.49%
SOL$73.53-0.16%
TRX$0.3278+0.57%
FIGR_HELOC$1.03+0.00%
HYPE$65.79-5.40%
DOGE$0.083-0.59%
USDS$0.9997+0.01%
RAIN$0.0144-0.30%
LEO$9.58-0.09%
ZEC$443.35-5.52%
XLM$0.2109-2.24%
Could regulators have drawn from multiple red flags to halt SVB's downfall?
Bitcoin's correlation with gold is strengthening as it decouples from US stocks.
The FDIC has also lent out $142.8 billion to two entities set up by US regulators to succeed SVB and Signature Bank.
Bitcoin is up almost 7% at $26,735 amid persisting core inflation in the eurozone and escalating banking turmoil.
Well-known digital assets YouTuber BitBoy Crypto recently expressed his intent to countersue plaintiffs behind a $1 billion class action targeting influencers that promoted FTX.
21Shares, the well know issuer of cryptocurrency ETPs, is set to delist six of its products by June.
Banks interested in acquiring Signature and Silicon Valley Bank need to submit bids by March 17.
SBF is arguing that he is entitled to $5 million Directors and Officers Insurance from FTX.
Chinese yuan is exploiting the record windfall from Russian sanctions.
Fed funds futures price in a 50% chance of the US central bank forgoing an interest rate hike this month.
Bitcoin price breached the $26,000 threshold Tuesday as its recent rally continued to gather steam.
The next FOMC meeting is scheduled to be held on March 21st, 2023.
For the first time in a major bank run, Bitcoin exists as a ready-to-go solution.