Here’s why bitcoin is rallying after collapse of Silvergate, SVB and Signature
Emma McGeorge
“Still, Mina Tadrus, chief executive at Tadrus Capital, said he thinks the recent upswing is simply part of crypto’s natural volatility.
Investors remained worried that the closure of crypto-friendly Silvergate and Signature would further limit digital asset companies’ access to banks in the U.S., making it harder for institutions to purchase cryptocurrencies with fiat currencies, and weighing on the liquidity of the crypto market.”
“Negative impacts of a bank failure such as SVB or Signature on customers and investors may include “a decrease in overall account settings, liquidity issues
Here’s why bitcoin is rallying after collapse of Silvergate, SVB and Signature
“Still, Mina Tadrus, chief executive at Tadrus Capital, said he thinks the recent upswing is simply part of crypto’s natural volatility.
Investors remained worried that the closure of crypto-friendly Silvergate and Signature would further limit digital asset companies’ access to banks in the U.S., making it harder for institutions to purchase cryptocurrencies with fiat currencies, and weighing on the liquidity of the crypto market.”
Source: Market Watch
Author: Frances Yue
Continue reading here: Bitcoin rallies after collapses of Signature, SVB and Silvergate. Here’s why – MarketWatch
Share:
More Posts
Biotech Stocks and the SVB Collapse – Here’s What We Know
“Mina Tadrus, MA, JD, founder and chief executive of Tadrus Capital, says these firms will need to find alternative sources of cash — all while
The Silicon Valley Bank collapse: What you need to know
“Negative impacts of a bank failure such as SVB or Signature on customers and investors may include “a decrease in overall account settings, liquidity issues
Money Life with Chuck Jaffe Podcast
Head’s Up Insight: Here’s Where SECURE 2.0 Falls Short And Will Disappoint You Today
“I think one area of SECURE 2.0 that has been over-hyped is the new privacy protections it provides,” says Mina Tadrus, CEO of Tadrus Capital
Send Us A Message