Equity

As banks totter, crypto is busy racking up gains

Mar 20, 2023
Banking stocks are in turmoil, with deals like UBS acquiring Credit Suisse making waves. Meanwhile, the crypto market is thriving, with Bitcoin and Ether enjoying significant upticks. TikTok's popularity faces scrutiny as its CEO heads to Congress, sparking debates about possible bans. New entrants like Parker aim to revolutionize corporate cards, and predictive tools from PitchBook might shape the future of startups amidst banking uncertainty. Interest rate hikes could also influence tech recoveries in the coming quarters.
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INSIGHT

Banking Instability

  • Banking stocks are still volatile after the SVB crisis.
  • Credit Suisse's sale and First Republic's woes contribute to market uncertainty.
INSIGHT

Crypto Rebound

  • The crypto market has seen positive growth, with Bitcoin and Ether prices up.
  • This has re-energized crypto enthusiasts on social media.
INSIGHT

TikTok's Popularity Problem

  • TikTok's growing US popularity might increase scrutiny from the government.
  • ByteDance, TikTok's parent company, faces potential bans due to privacy and data security concerns.
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