You are currently viewing Price analysis 3/17: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB

Price Analysis vulnerability of banks in the U.S. and Europe. A silver lining for cryptocurrency investors is that Bitcoin (BTC) has remained decoupled from the equities markets and has risen to its highest level since Jan. 12.

Galaxy Digital founder and CEO Michael Novogratz said in an interview with CNBC that the U.S. and the globe will face a credit crunch as banks lend less to rebuild capital. He said investors should be long on Bitcoin and crypto because these are the times for which it was created.

Daily cryptocurrency market performance. Source: Coin360

Quantitative tightening seems to be giving way to a period of quantitative easing. The banks have already borrowed $150 billion from the Federal Reserve, which is more than the amount borrowed during the 2008 financial crisis.

Analysts pointed out that the Fed has added $300 billion to its balance sheet in a week, second only to the $500

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