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The sudden collapse of Silvergate Bank, Silicon Valley Bank (SVB) and Signature Bank marked the development of a sudden banking crisis in the US. According to experts from Cointelegraph, the key reason for these events was the unfavorable environment in the global market and systemic risks that these organizations allowed as part of risk management.
The closure of Signature Bank was unexpected and largely controversial. Initially, the bank was not in danger of solvency, as it was able to stabilize the massive outflow of capital. However, US regulators decided to intervene in the situation. In this, many experts saw politically biased actions that were aimed at crowding out digital assets.
All of the above credit institutions have worked closely with core companies in the digital asset sector. Under the conditions of their bankruptcy, it will be much more difficult for crypto agents to interact with the global financial system, which is based on the US dollar.
However, experts from Cointelegraph focused on the collapse of Silicon Valley Bank. His problems formed a ripple effect in the global banking sector. For example, the largest Swiss bank Credit Suisse faced serious financial problems.
It became known that the organization will receive subsidies from the Central Bank of Switzerland in the amount of $54 million. But, according to experts, the further fate of the company is now rather illusory.
It is worth noting that the flagship of the crypto market still received its dividends against the backdrop of the development of the banking crisis in the United States. A couple of weeks ago, bitcoin was in a difficult situation, but the buyers managed to seize the initiative. According to experts, the local but pronounced bullish rally in BTC is due to the increased appetite of investors for high-risk instruments.
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