Price analysis 3/15: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
The United States equities markets tumbled on March 15 after Saudi National Bank, Swiss Bank Credit Suisse’s largest investor, said it will not be able to provide any more funding to Credit Suisse due to regulatory limitations.
Investors are nervous because Credit Suisse, which has large U.S. and global operations, warned on March 14 that it had found “certain material weaknesses” in its financial reporting processes for 2021 and 2022.
Shares of Credit Suisse plummeted to an all-time low on March 15.After the events of the past few days, the S&P 500 has given back all its gains for the year and is trading flat.
In comparison, Bitcoin (BTC) is holding on to a large part of its gains and is up nearly 47% in 2023. Trezor Bitcoin analyst Josef Tětek believes the banking crisis could be positive for Bitcoin as it could emerge as a safe haven asset.
Read more on cointelegraph.com
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