Market Analytics (by 03/15).
15 Mar 2023, 14:02
🔬 Market Analytics (by 03/15)
As our team prepares informational posts on the project, we are introducing a new section, #marketanalytic, where we briefly cover recent important events in the crypto world 📡
📊 News:
👤 President Biden reassured the public of the reliability of the US banking system in a recent speech.
⚡️ Signature Bank and Silicon Valley Bank received emergency deposit support from the U.S. Treasury Department and FRS, utilizing the Fed's term loan authorization. More on the USDC situation will be covered in future posts.
👤 CZ announced that Binance is converting a $1 billion industry recovery fund from BUSD to BTC, ETH, and BNB.
🇺🇸 President Biden personally pledged to bring to justice those responsible for the bankruptcy of Silicon Valley Bank and Signature Bank.
⛔️ Trading in shares of several major banks was stopped immediately after opening on Monday due to high volatility.
Summary:
The crypto world is currently in an unstable position. We recommend refraining from any market speculation and simply watching and waiting for the right moment 🧉