Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
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
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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.
Market Cap $1.59T
24H Volume $33.08B
