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Ripple effects, contagion, counterparty risk as banks and crypto stocks slide

Deutsche Bank share price down 15%, European banks tumble, but Bitcoin price continues to hold firm despite volatility.

James Van Straten
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James Van Straten
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Quick Take

  • Deutsche Bank AG (DB) is currently 15% down in share price — lower than 8 EUR.
  • While DB credit default swaps hit 4-year highs.
  • Contagion fears spread as US regional banks stocks hit new lows.
  • European bank stocks have given up all their gains for 2023 — falling as much as 20% since earlier this month.
  • Bitcoin holds firm above $28,000 — while Coinbase and Square head lower in pre-market trading.

  • European Bank Stocks: (Source: Bloomberg)

      European Bank Stocks: (Source: Bloomberg)
DB CDS: (Source: Bloomberg)
DB CDS: (Source: Bloomberg)
BTC, Coinbase, Square: (Source: Trading View)
BTC, Coinbase, Square: (Source: Trading View)
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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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