Crypto market

 

BTC — $26236 +6.52%. Bitcoin went into a sharp increase in the morning trading in Asia. Broke $25k and then $26k. This happened because of the massive injection of liquidity into the banking systems of the US and the EU.

In the United States, for example, $297 billion was poured in. True, the mood of traders is still neutral (51). During the day, they traded $66.4 billion. Alt charts are green.

The growth leaders among altcoins are FTM, STX, CFX.

Fall leaders are KAVA, GMX, MKR.

BTC dominance is 46.35%.

Altseason index 27.

What's going on with the crypto over the past days

 

Approximately 0.144% of all BTC (70 thousand) and 0.325% of all ETH in circulation left the exchanges for cold wallets.

In the US, the cryptomixer ChipMixer, which laundered $2.73 billion, was blocked, its creator was arrested, and $46 million in bitcoin was confiscated.

Lawyers for Sam Bankman-Fried, who stole $10 billion, have filed a request to have their insurance fees paid by the FTX exchange.

 

Bitcoin Breaks $26,300 on US Inflation News

 

The February CPI was published today, as expected, it was 6%.

Grayscale analysts write: "It seems unlikely that the Fed will continue with its aggressive rate hike regime."

Analysts at Nomura expect the Fed to cut rates by 25 basis points due to "looming financial stability risk."

 

The number of complaints about NFTs in China increased by 30,000% in a year.

 

According to the State Administration for Market Regulation, the majority of Chinese in 2022 complained about:

Inability to mint tokens (fraud).

Buying at an inflated cost (price manipulation).

Inability to transfer tokens from the marketplace to the wallet (“raw collections”).

 

First Republic Bank shares plunge 65% amid US crash

 

The bank's securities lost 33% last week, it lacked liquidity and nearly went bankrupt.

The US central banking system (Fed) and JPMorgan bank provided FRB with $70 billion.

But for today, the shares fell by 65% (to $28.56).

The bank manages assets worth $213 billion.

 

Bank 3 went bankrupt in the USA - Signature, in which $ 88 billion of deposits.

 

Incl. $240 million from Coinbase and $250 million from BUSD stablecoin issuer Paxos.

In a joint statement from the Treasury, the Fed and the Deposit Guarantee Fund, it is said that depositors will receive a refund.

The collapse of Silicon Valley Bank last Friday was the biggest since 2008, when Lehman Brothers and Washington Mutual closed.

Interestingly, SVB and Lehman Brothers have the same person in the management. Here's someone who really knows how to do their job.

 

Crisis in the market. Stablecoin USDC loses its peg to the dollar amid the collapse of Silicon Valley Bank

 

The stablecoin issuer Circle reported that $3.3 billion of token collateral was held by the bank.

After that, USDC lost its peg to the dollar on many exchanges.

The company says it is operating as usual, although a quarter of its finances are in a troubled bank.