Dear Readers,
All of us witnessed the banks in US and Europe collapses in a row in last month.
We have witnessed the collapses of the following major banks in March 2023.
- Silvergate Bank.
- Signature Bank.
- Silicon Valley Bank.
- First Republic Bank.
- Credit Suisse.
The fall has witnessed shatters around the global markets too.
The investors went in panic and witnessed a huge loss.
Immediately the Central Banks have come into the rescue and made appropriate steps to safeguard the investors.
SVB bail out, fizzled out. First Republic bank bail out, fizzled out. Now Credit Suisse bail out, also fizzled out.
Credit Suisse will be a part of UBS in the coming days.
The grip of bears are getting too strong now in the markets.
On the other side if you consider the price of the Bitcoin.
In January Bitcoin was trading around 16500 USD.
From there on, BTC was steadily moving upwards and currently trades around 28450+ USD
It certainly proves once again that BTC is the best asset class of I Quarter in 2023 with over 75% returns.
Even in the lows of March 2023, BTC climbed up 28400USD+ from its low of 20200 USD.
The investors consider the crypto assets are an alternative to the traditional financial markets.
Though BTC would travel a lot to nearing to its earlier peaks; let's wait how it would travel further!
With the secondary conversations from various retail investors prove that they have switched over their investments partly in crypto assets.
At the time of writing this article, according to the coinmarketcap.com website, the global crypto market cap stands at $1.19T, an increase of 0.23% from yesterday.
BTC trades at $ 28445 which is trading a lower of 0.03% from yesterday.
With largely in the unregulated territory and with the increasing global economic crisis, geo-political tensions, let us need a constant watch and to make our right investment decisions in the coming days!
Happy Investing!!
