CryptoFearandGreed

Crypto conglomerate Digital Currency Group (DCG) is trying to find new banking partners for its holding company following the collapse of Silicon Valley Bank (SVB), Signature Bank (SBNY) and Silvergate (SI), as information viewed by CoinDesk. Santander (SAN), HSBC (HSBA), Deutsche Bank (DB), BankProv, Bridge Bank, Mercury, Multis and Series Financial are still ready to join the crypto industry, according to posts.

DCG’s efforts follow the banking collapse in the United States, which left many crypto and technology startups looking for new banking partners. Consensus 2023 logo Join the most important discussion about crypto at Web3 happening in Austin, TX April 26-28. Crypto conglomerate Digital Currency Group (DCG) is trying to find new banking partners for its holding company following the collapse of Silicon Valley Bank (SVB), Signature Bank (SBNY) and Silvergate (SI), as information found by CoinDesk. Santander (SAN), HSBC (HSBA), Deutsche Bank (DB), BankProv, Bridge Bank, Mercury, Multis and Series Financial are still ready to join the crypto industry, according to posts.

DCG’s efforts follow the banking collapse in the United States, which left many crypto and technology startups looking for new banking partners. Advertising

DCG has contacted BlackRock ( BK ), JPMorgan ( JPM ) and Bank of America ( BA ), according to the listing. DCG is the parent company of CoinDesk. The letters state that banks may restrict certain services for crypto transactions, for example, trading in stock markets and the ability to transfer money to others.

Traditional banks may be willing to set up bank accounts for crypto transactions, but they will impose restrictions based on the level of crypto exposure, according to the newspaper. Western Alliance and Bridge Bank are still opening accounts for crypto companies, despite falling stock prices.

DCG has contacted international banks, including Revolut in the UK, United Overseas Bank (UOB) in Singapore and Bank Leumi in Israel. A representative of DCG will meet with the Senate Banking Committee on the damages from SVB, Signature and Silvergate on Wednesday.

CoinDesk has reached out to DCG, Santander, HSBC, Deutsche Bank, BankProv, Mercury, Multis, Series Financial, BlackRock, JPMorgan, Bank of America, Revolut, UOB, and Bank Leumi for comment.

#BNB #BTC #CryptoFearandGreed #BullRun #SVB

If you’re holding off on investing in *XRP*, crypto analyst Steph says NOW might be the time to *go all in*! 😎 Let’s break down *why*:

*1. XRP’s Imminent Breakout with Falling Wedge Pattern 📊*

Steph is pointing to a *bullish chart setup* for XRP. Right now, XRP is forming a *falling wedge pattern* on the daily time frame, which is often a *bullish signal*. ⬆️

- *Critical level to watch:* 2.53. If XRP closes a *daily candle* above that price, it could signal a *breakout* to higher levels, possibly targeting *3.38*. 💥
- *Current Price:* XRP is trading around *2.576*, and it's showing a *42.55*. A daily close above $2.53 might just send it skyrocketing! 🚀

*2. Liquidation Heat Map Shows Huge Short Squeeze Opportunity 🔥*

Steph also points to the *liquidation heat map* on *Binance*. It reveals that *many traders are shorting XRP*, betting on its price to drop. 📉

- This presents a *massive opportunity* for a *short squeeze*. If the price continues to rise, market makers could *target* the liquidity in those short positions, forcing traders to *cover their shorts*, which could *push the price higher*. 💸

*3. Crypto Fear and Greed Index Shows Extreme Fear 😱*
The *Crypto Fear and Greed Index* is sitting at *20* right now, indicating *extreme fear* in the market. Historically, when the market feels fearful, it’s often a sign that we’re nearing a *bottom* or are already there. 🤔

- The *Fear Index* has improved from last week's extreme fear score of *10*, and we’ve already seen a *market rebound*, with *Bitcoin* pushing above *92K* and *XRP* staying above *$2.50*. Despite the fear, the market is *rebounding*! 🔄

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*Why This Matters for XRP 🧐*

With a *bullish chart pattern*, the potential for a *short squeeze*, and *extreme market fear* possibly signaling a bottom, *XRP could be primed for some serious upside*.

Now, if you’re considering diving into *XRP*, *Steph's analysis* suggests that this is the *perfect storm* for a breakout. But as always, *do your own research* and make sure your investment strategy is solid! 📈

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💡 *Key Takeaway:* If you’re bullish on *XRP*, now may be the time to take action before this *breakout* opportunity is missed. 👀

$XRP

#XRP #CryptoAnalysis #BullishPatterns #CryptoFearandGreed #CryptoTrends