A short-lived banking crisis followed the bank closure in the United States.
banking crisis bitcoin and the US bank, while enabling the rise of cryptocurrencies Morgan Stanley the banking crisis in the research report BTC He said he helped with the rally.
Stating that expectations for increased US dollar liquidity to support the banking sector helped the BTC rally, Morgan Stanley said that other factors played a role in the Bitcoin rally, according to the report of Coindesk.
Analysts led by Sheena Shah made the following statements in their report:
“Bitcoin trading order book liquidity is at a one-year low, which means lower volumes could lead to larger price movements.”
Analysts stated that aside from the banking crisis, the 80% share of traders on Binance in trading volume also played a role in the BTC rally.
The biggest stablecoin Tether (USDT) Despite the increase in exports Binance USD (BUSD) and USD Coin (USDC) Stating that it did not compensate for the decrease experienced, Morgan Stanley said that more than half of its total Tether issuance and 70% of its last issuance are currently pending lawsuits with the SEC. TRON (TRX) He said it’s on the blockchain.
*Not investment advice.
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