Coin Prices

BNB

$227.57

-0.50%

XRP

$0.613516

0.51%

EOS

$0.693874

1.79%

Pepe

$0.00000114

3.71%

NEM

$0.0367235

1.12%

Bonk

$0.00000438

9.62%

WAX

$0.062397

0.46%

IOST

$0.00939835

3.59%

Kin

$0.00001661

8.22%

OST

$0.0003047

-0.44%
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News Explorer — Bitcoin Up 36%, Ethereum Up 27% in Past Week After Banking Crisis Rescue by Feds

Generated by AI, curated by humans

Mar 18, 1:22 pm
Decrypt

Bitcoin Up 36%, Ethereum Up 27% in Past Week After Banking Crisis Rescue by Feds

This week saw a resurgence in the prices of the two largest cryptocurrencies by market cap after three consecutive weeks of losses. The Federal Reserve, U.S. Treasury, and FDIC stepped in to backstop all deposits at Signature and Silicon Valley Bank, while the HM Treasury in the U.K. brokered a bailout deal with HSBC. This, combined with signs of a banking crisis in Europe, drew investors into risk-on assets like crypto and tech stocks.

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Nov 30, 3:29 pm
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Nov 30, 3:14 pm
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