Crypto Gator | The Best Cryptocurrency, Blockchain and Forex News Aggregator
The Best Cryptocurrency, Blockchain and Forex News Aggregator
The Dow Jones fell but the Nasdaq 100 rallied on Monday as markets strongly priced in a Fed pivot in the fallout of SVB’s collapse. For now, markets are prioritizing a dovish Fed over a recession. Read More
The FTSE and the DAX benchmarks sold-off in the wake of worrying news of bank failures in the US, a phenomenon that has shaken the global banking industry Read More
The U.S. dollar slumps on Monday as Treasury yields extend their decline amid fears that the U.S. banking system turmoil could become systemic and trigger a financial crisis. Read More
<p>It has been a long day in the cryptoverse. After the collapse of the start-up-friendly Silicon Valley Bank, the panic soon spread from to the industry proper, with <a href=”https://www.financemagnates.com/cryptocurrency/signature-bank-collapse-coinbase-and-paxos-disclose-massive-exposure/” target=”_blank” rel=”follow”>the abrupt shutdown</a> of the New York-based Signature bank. A risky bet on crypto coupled with a bank run prompted regulators <a href=”https://www.financemagnates.com/cryptocurrency/svb-crisis-circle-escapes-usdc-depeg-with-regulatory-assurance/]” target=”_blank” rel=”follow”>to act immediately</a>. While notable […]
Gold prices have surged after the SVB collapse sent shockwaves through global markets. While rate expectations have eased, XAU/USD is on track to retest $1,900. Read More
The Federal Reserve moved to restore confidence in the banking sector, launching a lending facility to inject liquidity in the system following SVB’s collapse. Is the S&P 500 safe? Read More
EURUSD has struggled to maintain gains above the 1.07 level following the European open as markets digest moves by US policymakers to restore confidence in the Banking sector. Read More
<p>Shares of the troubled banking giant Credit Suisse reached new record lows on Monday, falling more than 10% in the early morning trading on the Swiss stock exchange, SIX. Banks worldwide, including Europe, have been losing ground since Friday following news that technology company-backed Silicon Valley Bank (SVB) is declaring <a href=”https://www.financemagnates.com/terms/b/bankruptcy/” class=”terms__main-term” id=”41b3ef0d-d805-441d-8443-121890264e94″ target=”_blank”>bankruptcy</a>. </p><p>This has raised fears that […]
<p>GCEX, the digital broker with offerings of forex, contracts for differences (CFDs), and <a href=”https://www.financemagnates.com/terms/c/cryptocurrencies/” class=”terms__main-term” id=”b091101e-6e02-4b36-aa0e-7c972dfdd6ed” target=”_blank”>cryptocurrencies</a>, disclosed on Monday that it has “a very limited exposure” to the now-collapsed Signature Bank. However, the company has no exposure to the two other collapsed US banks, Silvergate Bank and Silicon Valley Bank (SVB). </p><p> GCEX’s Limited Exposure to Signature Bank […]
The greenback is falling further in early trade as US Treasury yields continue their sell-off as markets reassess the path of future interest rate hikes. Read More