Crypto News: The global trading markets await day two of the US Federal Open Market Committee (FOMC) policy meeting, after which the Central bank will announce its interest rates amid the erupting banking crisis. However, the digital asset market is trading in greens ahead of the key event.
Bank Crisis To Continue?
Last week US financial institutions rushed to ease the market turmoil, this week banks and investors await the Federal Reserves meeting. The traders stand divided and confused about whether the U.S. central bank will press the halt button over its hiking cycles in order to ensure financial stability.
However, the Federal agency has been inculpated for triggering one of the biggest banking sector meltdowns in history. It has been compared with the 2008 financial crisis too. The aftermath of the recent events reflects, the mega collapse of banks triggered by the Silicon Valley Bank crash. While UBS agreed to rescue Credit Suisse in a $3.25 billion deal. Read More Crypto News Here…
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Source: https://coingape.com/crypto-news-us-banks-awaits-fed-rates-bitcoin-to-face-hard-time/