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📉 Market Highlights #marketupdate #Bitcoin: -3%, now at $97,000 #Ethereum: -13%, now at $3,380 🌟 Star Coin of the Week: $PENGU 🚀 +445%, trading at $0.0273 🔔 This week has been a rollercoaster! As predicted, a market correction hit hard. On Wednesday, Fed Chair Jerome Powell announced, "We have avoided a recession" and forecasted "another very good year." Despite the optimism, Bitcoin tumbled below $100,000, leading to over $1.1 billion in liquidations. Meanwhile, the U.S. stock market suffered a massive loss of $1.5 trillion in just 24 hours.
📉 Market Highlights #marketupdate
#Bitcoin: -3%, now at $97,000

#Ethereum: -13%, now at $3,380
🌟 Star Coin of the Week: $PENGU 🚀 +445%, trading at $0.0273

🔔 This week has been a rollercoaster! As predicted, a market correction hit hard. On Wednesday, Fed Chair Jerome Powell announced, "We have avoided a recession" and forecasted "another very good year." Despite the optimism, Bitcoin tumbled below $100,000, leading to over $1.1 billion in liquidations. Meanwhile, the U.S. stock market suffered a massive loss of $1.5 trillion in just 24 hours.
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#marketupdate we found a level where the market stabilizes, we will probably notice volatility of 10% downwards and upwards in the coming days. #justchill
#marketupdate we found a level where the market stabilizes, we will probably notice volatility of 10% downwards and upwards in the coming days. #justchill
Bitcoin has broken through the $24500 mark, continuing its recent rally fueled by increasing demand from both retail and institutional investors. Despite some volatility, the overall sentiment in the cryptocurrency market remains positive. #bitcoin #cryptocurrency #marketupdate
Bitcoin has broken through the $24500 mark, continuing its recent rally fueled by increasing demand from both retail and institutional investors. Despite some volatility, the overall sentiment in the cryptocurrency market remains positive. #bitcoin #cryptocurrency #marketupdate
🇺🇸Federal Reserve’s emergency loan program may inject as much as $2 trillion of funds into the US banking system, according to JPMorgan Chase & Co. #crypto2023 #marketupdate
🇺🇸Federal Reserve’s emergency loan program may inject as much as $2 trillion of funds into the US banking system, according to JPMorgan Chase & Co.

#crypto2023 #marketupdate
Silicon Valley Bank Raises Concerns with Significant Sale of Assets and StocksInvestors are growing increasingly concerned about the financial stability of Silicon Valley Bank (SVB), a technology-oriented bank that caters to clients such as Sequoia and Andreessen Horowitz, both known for their support of cryptocurrency. The bank recently sold $21 billion worth of its securities holdings for a $1.8 billion loss to shore up its balance sheet, and it also raised $500 million from venture firm General Atlantic, with plans to raise another $1.75 billion in sales of its shares, for a total of $2.25 billion.  However, despite these efforts, some investors remain concerned about the bank's financial position, particularly given the recent closure of the crypto bank Silvergate. SVB is one of the top 20 largest banks in the United States, and its struggles have raised fears about the future of another US bank. However, the bank remains committed to its mission of supporting tech startups and venture capital firms, and it will be interesting to see how it navigates these challenging times. According to a report from The Information on March 9th, SVB's chief, Greg Becker, advised investors to remain calm and assured them that the bank has sufficient liquidity to support its clients. However, he added that if rumours of the bank's instability spread, it could pose a challenge. Many people have expressed concerns about the potential impact on SVB's clients if a bank run were to occur. However, founders and tech executives have taken to Twitter to show their support for the bank and urge others not to panic. The recent developments in the cryptocurrency industry have caused a ripple effect, with major banking partners like Silvergate and SVB facing uncertainty. Just a day after Silvergate announced its decision to "wind down operations" and liquidate its crypto-friendly bank, SVB is now under scrutiny. As the cryptocurrency industry continues to evolve, it is crucial for banking partners to stay ahead of the curve and adapt to changing regulations. The uncertainty surrounding SVB and Silvergate highlights the need for transparency and accountability in the industry. It is imperative for companies to maintain a strong financial footing and ensure the safety of their client's assets. #silvergate #cryptocurrency #crypto2023 #marketupdate #Binance

Silicon Valley Bank Raises Concerns with Significant Sale of Assets and Stocks

Investors are growing increasingly concerned about the financial stability of Silicon Valley Bank (SVB), a technology-oriented bank that caters to clients such as Sequoia and Andreessen Horowitz, both known for their support of cryptocurrency. The bank recently sold $21 billion worth of its securities holdings for a $1.8 billion loss to shore up its balance sheet, and it also raised $500 million from venture firm General Atlantic, with plans to raise another $1.75 billion in sales of its shares, for a total of $2.25 billion. 

However, despite these efforts, some investors remain concerned about the bank's financial position, particularly given the recent closure of the crypto bank Silvergate.

SVB is one of the top 20 largest banks in the United States, and its struggles have raised fears about the future of another US bank. However, the bank remains committed to its mission of supporting tech startups and venture capital firms, and it will be interesting to see how it navigates these challenging times.

According to a report from The Information on March 9th, SVB's chief, Greg Becker, advised investors to remain calm and assured them that the bank has sufficient liquidity to support its clients. However, he added that if rumours of the bank's instability spread, it could pose a challenge.

Many people have expressed concerns about the potential impact on SVB's clients if a bank run were to occur. However, founders and tech executives have taken to Twitter to show their support for the bank and urge others not to panic.

The recent developments in the cryptocurrency industry have caused a ripple effect, with major banking partners like Silvergate and SVB facing uncertainty. Just a day after Silvergate announced its decision to "wind down operations" and liquidate its crypto-friendly bank, SVB is now under scrutiny.

As the cryptocurrency industry continues to evolve, it is crucial for banking partners to stay ahead of the curve and adapt to changing regulations. The uncertainty surrounding SVB and Silvergate highlights the need for transparency and accountability in the industry. It is imperative for companies to maintain a strong financial footing and ensure the safety of their client's assets.

#silvergate #cryptocurrency #crypto2023 #marketupdate #Binance
Cryptocurrencies are considered property in New Zealand and are subject to income tax upon disposal. One of the key factors influencing crypto asset regulation in New Zealand is its status as a technology-neutral jurisdiction. #crypto2023 #marketupdate #BTC #BNB #zero2hero
Cryptocurrencies are considered property in New Zealand and are subject to income tax upon disposal.

One of the key factors influencing crypto asset regulation in New Zealand is its status as a technology-neutral jurisdiction.

#crypto2023 #marketupdate #BTC #BNB #zero2hero
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