Post
Topic
Board Economics
Re: How SVB fall going to affect bitcoin, crypto in general?
by
bitmover
on 14/03/2023, 21:26:43 UTC
The market already reacted the time you made this topic, no? USDC depegged down to approximately $.88 and it has already been back to near $1. What you're seeing right now is pretty much the aftermath already.

And looks like bitcoin reacted very positively to all this drama.

People look like to be trading usdc for btc.

Also, people are now worried about their bank deposits and investments , and bitcoin is a natural alternative. This might be the reason for this price pump recently