Bitcoin price is lower than yesterday because of the Silvergate story and the Federal Reserve and Jerome Powell will announce something big this week. What would be the interest rate at the FOMC meeting this week. This week’s CPI data, PCE, unemployment rate will be very important for the FOMC and the interest rate because it will impact the Bitcoin price tremendously. Jerome Powell might raise the interest rate by 50bps instead of 25 bps this months. Jerome Powell and the FED will impact the economy all around the world. Everyone is eyeing on the Federal Reserve’s interest rate at the end of this month. Joe Biden and Janet Yellen announced that the deposits on SVB will be safe but can it prevent bank runs on Monday? What will happend to First Republic Bank? Everyone is worried about Bitcoin, Crypto, Circle, Signature Bank, USDC, Ethereum, ETH, BTC, Ethereum Classic, Dodge, XRP and Ripple. Can we see the next spot Bitcoin ETF. Coinbase and Binance will see. It is a very important and critical day.
SVB bank is huge in the stock and crypto market now. USDC and Bitcoin can be affected by this too.
SVB scandal is huge this week. The bankruptcy of Silicon Valley Bank might affect the entire stock market and crypto market this week. Bitcoin price might get impacted by Silicon Valley Bank too. Other banks like First Republic bank might get trouble this week too because of bank runs. JP Morgan, Bank of America and Morgan Stanley worry about bank runs too. This entire Bitcon, Crypto market and NASDAQ, DOW, S&P will have a bearish trend this week. The federal reserve will look into it. Jim Cramer’s prediction about Silicon Valley Bank was not right. Is this going to be the next 2008 Bankruptcy of Lehman Brothers.
Circle’s USDC was impacted by Silicon Valley Bank too this week. Circle said they have their money at Silicon Valley Bank so their stable coin USDC was impacted by Silicon Valley Bank ‘s bankruptcy and bankrun. USDC is trying not to be Do Kwon’s Terra.
People keep asking if Tether and USDT are also safe compared to other stable coins.
NVDIA NVDA stocks and AMD stocks all also jumping high. The US economy is currently strong but a recession might come if the Federal Reserve’s interest come very high later this month.
This month might be hard for the crypto currency market and Bitcoin. Ethereum and Ripple might get impacted by this too. Silvergate, FTX, Sam Bankman-Fried, Do Kwon and Terra, and there are so many other facts that can impact the crypto market. BTC and Bitcoin is the biggest crypto in the world. Can BTC stay above 19K this week? The price went below 20K today. What decision will Fed chair Jerome Powell and the Federal Reserve make this month? Elon Musk and Tesla will make a decision too. This week is a very important week in the stock market and crypto because we will see the unemployment rate and next week, we will have the CPI number and we will have the FOMC datat soon. Where will Bitcoin, BTC, Ethereum, Solana, ETH, XRP, Ripple go from here. Barry Silbert and Gray Scale also have some issues with GBTC, Grayscale.
Will the Federal Reserve raise the interest rate once again? What will be the interest rate this month. 25bps or 50bps. Tesla stocks and Apple stocks might get affected by NASDAQ composite index. NVIDIA and NVDA might also get an attention because of CHATGPT.
Bitcoin price on Binance looks strong. CZ who is the CEO if Binance will make an announcement this week. Watch our live trading. We follow several indicators on the chart. Watch the BTC liquidations. Our Bitcoin liquidation map watch is very important for crypto and Bitcoin. Many investors and crypto traders get liquidated. We might have a recession this year but the inflation rate is also important.
Michael Saylor and his company Microstrategy just bought more Bitcoins. BItcoin and Ethereum ETH can go up. This year, many experts think that the economy might not look good and there could be a recession. How will the stock market react to Tesla and Bitcoin blockchain crypto prices. Our live bitcoin trading is important.
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