SVB, to my mind, had much more specific challenges. Number one, I feel that as a bank, they did not manage rate risk. If you are holding a bond portfolio as a bank and you think that interest rates are likely to go up, and it was very clear to the whole world that we had hit the bottom, you can do interest rate swaps and hedge yourself against that risk.
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