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One Crisis After Another, So What's Next?

For the cryptoverse, the hits just keep on coming.

March 12, 2023

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How Global Markets Fared & the Cryptoverse

Unsplash / Blockhead

In the span of two days, there were two collapses, first, the crypto-focused US bank Silvergate, and then start-ups focused on Silicon Valley Bank (SVB).

Digital assets, Wall Street, and Treasury yields tumbled as a result of worries about a domino effect in the financial industry.

That is in addition to the broad theme and worry that the US Federal Reserve may likely be engineering a recession in the world's largest economy because of its inability to predict inflation trajectory and changing its tune on its rate hike path.

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