It is difficult to predict at this stage if this will lead to bigger damage, but this will lead to higher risk aversion in the system and anyone dealing with these banks will now come more into the limelight. The challenge to the stock markets at this stage will not be significant except if there is a case of continuous collateral damage.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest