Last Updated on March 16, 2023 by Bitfinsider
Due to worries about an impending banking catastrophe, traditional and cryptocurrency markets both declined.
At the time of writing, Bitcoin was trading at about $24,400 after surging past $26,000 on Tuesday and hitting a 10-month peak. Ether, with a price of $1,650, was also down.
After Switzerland’s central bank and financial regulator said they would provide a liquidity backstop if necessary, it was reported that Credit Suisse dropped 14% despite shares trading higher in after-hours trading.
The S&P 500 dropped 0.7% while the Nasdaq 100 barely changed in the traditional U.S. markets. While MicroStrategy fell by 0.8% and Galaxy Digital by 7.0%, Bitcoin increased by 2.9%.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.
