
After US banks fail, contagion heads to European banks – banks halted on exchange
Another day, another substantial leg lower in Credit Suisse share price as contagion spreads to European banks.
Get CryptoSlate’s Macro insights with analysis on global markets, economics, interest rates, and how macro trends shape Bitcoin and the broader crypto sector.
CryptoSlate Insights has been discontinued. Visit News for the latest crypto news and market coverage.

Another day, another substantial leg lower in Credit Suisse share price as contagion spreads to European banks.

CPI was forecasted at 6.0% year-over-year, while it has come in at 6.0%

Gradually then suddenly, Bitcoin is up 35% YTD while S&P has gone negative YTD.

The US President went live on national television to address the fallout and contagion of US banks.

Global bond yields in free fall as U.S two year yields set for largest two-session drop since 1987, banks halted on exchanges.

Banks were halted on exchanges due to volatility and double digit decrease in share price, while 2-year treasury yield plunges

Unemployment rate goes up to 3.6% as Bitcoin breaks 20k

If SVB fails, it would be the 2nd largest bank failure in US history and the largest failure since 2008, down a further 24% pre-market

Signature Bank down over 7% pre-market, while Silvergate Bank is down 44.6%

GBTC discount sees improvement, narrows to roughly -40%, up roughly 9% today

Powell "Ultimate Level of Interest Rates Likely to Be Higher Than Previously Anticipated"

Fed policy rate hike to 6% may be on the horizon, says BofA Global Research

The 60/40 portfolio is now yielding less than six-month T-Bills for the first time in over two decades, according to Bloomberg