Newsletter
CoinSharks
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services
No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services
No Result
View All Result
CoinSharks
No Result
View All Result
Home Nasdaq

Is the Collapse of Silicon Valley Bank the Key to Breaking Crypto Winter?

The Megalodon by The Megalodon
March 14, 2023
in News, Bitcoin, AltCoins
0
Is the Collapse of Silicon Valley Bank the Key to Breaking Crypto Winter?
389
SHARES
1.8k
VIEWS
Share on FacebookShare on Twitter

Following the collapse of Silicon Valley Bank, investors are optimistic that the Federal Reserve will take a softer approach to raising interest rates, potentially benefiting the cryptocurrency industry that has been hit hard by the economic downturn. The Fed has adopted a more aggressive approach to controlling inflation and raised interest rates from near zero in March 2022. Now, with interest rates ranging between 4.50% and 4.75%, and the US banking sector facing issues, the chances of the Fed raising rates further have reduced.

As a result, investors have become more optimistic about cryptocurrencies as interest rates make riskier assets like stocks and crypto less attractive when compared to safer options like US Treasury Bills. If the Fed’s monetary policy changes, investors may allocate more money to risk assets, benefiting crypto markets. The likelihood of the Fed raising interest rates by 50 basis points has decreased significantly, falling from 40% on Friday to 0% and pushing the probability that the Fed will pause interest rate hikes to 34%.

Related articles

US district judge refers FTX independent examiner issue to appellate court

US district judge refers FTX independent examiner issue to appellate court

May 31, 2023
Class-Action Lawsuit Filed Against Bancor DAO for Alleged Failure to Deliver on Impermanent Loss Protection Promises

U.S. prosecutors state that if the Bahamas raises objections, certain SBF charges will be dropped

May 31, 2023

Cryptocurrency prices have risen as a result of this recalibration of interest rate expectations, with Bitcoin surging 13.5% to around $24,280 and Ethereum rising 8.1% to just over $1,680. However, regulatory headwinds and fears of contagion from the collapse of Silicon Valley Bank still present significant challenges for the cryptocurrency industry.

Share156Tweet97

Related Posts

US district judge refers FTX independent examiner issue to appellate court

US district judge refers FTX independent examiner issue to appellate court

by The Megalodon
May 31, 2023

A motion for the appointment of an independent examiner in the bankruptcy case of crypto exchange FTX has been referred...

Class-Action Lawsuit Filed Against Bancor DAO for Alleged Failure to Deliver on Impermanent Loss Protection Promises

U.S. prosecutors state that if the Bahamas raises objections, certain SBF charges will be dropped

by The Megalodon
May 31, 2023

According to a filing in the U.S. District Court for the Southern District of New York, some of the charges...

Bybit cryptocurrency exchange withdraws from Canada due to ‘recent regulatory changes’

Bybit cryptocurrency exchange withdraws from Canada due to ‘recent regulatory changes’

by The Megalodon
May 31, 2023

Dubai-based cryptocurrency exchange Bybit has revealed its decision to halt operations in Canada due to recent regulatory developments. The exchange...

AI Experts Issue Document Comparing the Risk of ‘Extinction from AI’ to Pandemics and Nuclear War

AI Experts Issue Document Comparing the Risk of ‘Extinction from AI’ to Pandemics and Nuclear War

by The Megalodon
May 31, 2023

An open statement published by the Center for AI Safety (CAIS) has garnered signatures from numerous AI experts, including the...

Competing regulatory bills take center stage in US House stablecoin hearing

US CFTC Releases Letter Addressing Compliance in Three Areas of Digital Asset Derivatives and Clearing

by The Megalodon
May 31, 2023

The United States Commodity Futures Trading Commission (CFTC) has issued a staff advisory letter to registered derivatives clearing organizations (DCOs)...

Load More
  • Premium Services
  • Terms of Service
  • Privacy Policy

All Rights Reserved. CoinSharks.

No Result
View All Result
  • Bitcoin
  • Ethereum
  • Altcoins
  • Nasdaq
  • NYSE
  • Regulation
  • Shark School
  • Premium Services

All Rights Reserved. CoinSharks.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.