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.
James Van Straten 1 min read Macro Insights
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.
James Van Straten 1 min read Latest insights
Macro
Bitcoin hits $26.3k on expected CPI news, 25bps rate hike is expected
CPI was forecasted at 6.0% year-over-year, while it has come in at 6.0%
Macro
S&P 500 goes negative YTD; almost entire regional bank stocks halted due to volatility
Gradually then suddenly, Bitcoin is up 35% YTD while S&P has gone negative YTD.
Bitcoin
President Biden reassures markets on US banking sector as Bitcoin and gold extend rally
The US President went live on national television to address the fallout and contagion of US banks.
Macro
Macro update: Is fed tightening almost over? Here’s what the markets think
Global bond yields in free fall as U.S two year yields set for largest two-session drop since 1987, banks halted on exchanges.
Macro
Banks halted on exchanges, Silicon Valley Bank now closed by California regulators
Banks were halted on exchanges due to volatility and double digit decrease in share price, while 2-year treasury yield plunges
Macro
Bitcoin breaks $20k following NFP and unemployment data, as markets favour 25bps instead of 50bps
Unemployment rate goes up to 3.6% as Bitcoin breaks 20k
Macro
Is SVB to big to fail? Will it get rescued? Bill Ackman already calling for bail-outs
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
Macro
Signature Bank plummets in share price pre-market, after news of Silvergate halting operations
Signature Bank down over 7% pre-market, while Silvergate Bank is down 44.6%
GBTC
GBTC discount narrows during SEC hearing, yield curve inversion deepens; 60% probability for 50bps hike
GBTC discount sees improvement, narrows to roughly -40%, up roughly 9% today
Macro
Powell Testimony: DXY breaks 105, BTC down to 22k as support, new peak rate of 5.60% in futures market
Powell "Ultimate Level of Interest Rates Likely to Be Higher Than Previously Anticipated"
Macro
Investors closely monitor the MOVE index amidst surge in US yields
Fed policy rate hike to 6% may be on the horizon, says BofA Global Research
Macro
Treasury bills continue to soar as fed swaps price in peak policy rate of 5.5% in December
The 60/40 portfolio is now yielding less than six-month T-Bills for the first time in over two decades, according to Bloomberg
