In Brief Federal Reserve officials will comment on last week’s interest rate decision, potentially impacting crypto markets. Key economic events include the release of S&P Services PMI, ISM non-manufacturing PMI data, and jobless claims data. Investors await Fed’s insight on how recent economic data will affect future interest-rate decisions, next one due on March 20.…
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Briefly data from the Federal Reserve showed that between March 8 and March 15, banks’ deposits fell significantly. Small US banks’ borrowing rates reached their highest levels during the same time frame. In the meantime, Bitcoin has gained 35% in the past two weeks. Between March 8 and March 15, fears of a banking collapse…
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Briefly Custodia’s bank application was rejected by the Federal Reserve. Custodia argued that its model stops the kind of bank run that has plagued the banking sector recently. The bank also asserted that the Fed’s statement demonstrated its general antipathy toward digital assets. The Central bank (Took care of) has come out all firearms bursting…
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