Another Crazy Week For Bitcoin
Bitcoin and other cryptocurrencies bounce back after a turbulent week for banks in the US and Switzerland.
Welcome to The Daily Forkast – March 17, 2023 – presented by Joel Flynn.
US banks Silvergate, Signature Bank, and Silicon Valley Bank all saw trouble within the past week. It was revealed not too long after that crypto companies had relied heavily on these banks. But less than a week after US regulators stepped in to intervene in a banking crisis, the Swiss national bank had done the same. Switzerland’s Credit Suisse looked like the next bank to be in deep trouble before the Swiss National Bank promised some US$50 billion to the investment bank.
Join us in this episode of The Daily Forkast as we take a look at how this week’s banking chaos has affected the Bitcoin and the wider crypto market.