Yep, Swiss Credit and Silicon Valley Bank. The markets are wondering very rightfully which one comes next. It seems that you need a financial crisis every 5 years of the FED and other start forgetting what are they there for. I am concerned about how this may end up, along with the effects on bitcoin - in the past a efuge, but now linked to other financial assets.
This is a clear indication that these banks are not trustworthy. The only difference between these banks and exchanges is that depositors or customers funds are safe according to the Federal Deposit Insurance Corporation. I just wish exchanges will be able to have such insurance that guarantees crypto funds in their custody. This would have helped to reduce the constant attack of the crypto sector by the government.
The rise in the price of Bitcoin this period is very surprising. This is a clear indication that Bitcoin will someday become quasi-independent from global economic influence. Bitcoin is just unpredictable.