Last week’s crypto mega rally slowed this week. Still, many leading coins still posted double-digit gains over the last seven days.

The upward price action was escalated by the crisis hitting Credit Suisse, which last Wednesday needed a $54 billion loan from Swiss National Bank to shore up liquidity.

By Sunday, there was an announcement that domestic rival UBS agreed to buy the ailing bank in an emergency deal worth over $3 billion.

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The banking news continued to drive investors towards risk-on banking alternatives, like crypto.

Bitcoin (BTC) soared amid the banking chaos, jumping from just over $20,000 on March 10 to trade at $27,537 at the time of writing. Ethereum’s growth was a similar story over the same period, rising from roughly $1,400 to today’s price of $1,740, per Go to Source to See Full Article
Author: Tim Hakki

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