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Bitcoin hits $28,000, as UBS buys Credit Suisse for $3.2B

Updates over the weekend: Gold hits ATH, Bitcoin hits $28,000, UBS buys Credit Suisse

James Van Straten
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James Van Straten
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Quick Take

What happened over the weekend?

  • UBS bought Credit Suisse for $3.2 billion
  • Swiss National Bank offers $100 billion in liquidity as part of the UBS deal.
  • This is a 73% discount on Friday on Credit Suisse's closing price.
  • UBS credit default swaps have doubled since news broke that it would rescue Credit Suisse.
  • Gold hit an all-time high of $1,988 during Friday's session
  • Bitcoin broke through $28,000 and broke through 200WMA
  • Bitcoin investors are extremely bullish as spot and derivatives volume is the highest over a year.
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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Bitcoin BTC (24h)
$74,340.48 0.00%
Market Cap $1.49T
24H Volume $51.51B