on the second largest banking failure in US history, the cryptocurrency market is one of the only investment classes delivering positive returns. Bitcoin had its best weekly return since 2017 , and the rest of the cryptocurrency market is following suit.1.
The programme enables cash-strapped US banks to use their government bond holdings as collateral and borrow money to help meet their liquidity obligations.While this programme significantly relieves US banks, it impacts future US interest rate decisions. As a result of rising interest rates reducing the value of bonds, the Fed is now in a position where, if it continues to raise rates aggressively, it will further reduce the value of the government bonds they hold as collateral.
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