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Why is Bitcoin rising amid collapsing banks? Watch The Market Report

On this week’s episode of The Market Report, Cointelegraph’s resident expert explains why Bitcoin is rising and why banks are collapsing.

In this week's market analysis report, respected presenter Joe Hall and discerning professional Nick Bulji were unable to participate in the tragedy, but don't worry, because Marcel Pechman is here to discuss why he thinks the price of BTC has also risen in the event of a bank failure.

We can start with the first paper this week:

UBS allows a $3.25 billion "emergency bailout" for Credit Suisse

UBS allowed $3.25 billion to recover its ailing competitor Credit Suisse on March 19th as part of an "emergency decree" to avoid unrest in the financial system. In order to achieve the transfer, the German and Swiss government is allowed to change the country's requirements, bypass the company's shareholder network to vote, and announce the transfer on Sunday before the opening of the new house in the sales market. Is this really illegal? After that, will Germany and Switzerland have a reputation for safer financial markets? Pechman has a lot to say about this and solved the problem with Credit Suisse's bond investors, so watch all the short videos, because you don't want to miss its judgment.

Investors have taken emergency precautions in US debt in the short term, reducing the opportunity for Bitcoin to rebound to $30,000.

The price of bitcoin rose by $28000 on march 21st, but traders were not particularly jubilant after rising 36% in eight days, according to two derivatives indicators. Apart from the excellent performance of Bitcoin, there are some reasons why investors are not confident enough about the further rise in the price of Bitcoin. The recent qflp of Credit Suisse, a leading German and Swiss financial company with a history of more than 167 years, confirmed that the current plight of the world's commercial banks is probably not over yet. Pechman explained why the price of Bitcoin is likely to fall short of $30,000.

Market analysis reports begin at 12:00 US time every Tuesday (5:00 UTC), so be sure to go to the Cointelegraph Markets&Research YouTube page and click on these like and subscribe buttons for future videos and updates.

by Adrian J. Permal
© 2023 WJB All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Tue, 18 Apr 2023

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