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Financial Markets to React to Interest Rate Increase, Silvergate and Voyager Developments

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21:00-7:00 Key words: interest rate increase, Silvergate, Mt.Gox, Voyager

Overview of important developments overnight on March 9

Analysis based o…

Financial Markets to React to Interest Rate Increase, Silvergate and Voyager Developments

21:00-7:00 Key words: interest rate increase, Silvergate, Mt.Gox, Voyager

Overview of important developments overnight on March 9

Analysis based on this information:


The recent announcement of the interest rate increase has generated a lot of buzz over the past few days. The Federal Reserve, which sets interest rates in the United States, has increased the rate by 0.25%, from 2.25% to 2.5%. This announcement is closely watched by financial analysts and governments worldwide as it has major implications on economic growth and stability. The decision to increase the interest rate was attributed to a strong economy and low unemployment rate in the United States.

The interest rate increase is expected to have a significant impact on financial markets as it can affect borrowing costs, stock and bond prices, and currency exchange rates. Following this announcement, the stock market witnessed a drop as investors became wary of the potential implications of higher borrowing costs. The bond market, on the other hand, saw an increase in yields as borrowing costs are expected to rise, consequently leading to a decrease in the demand for bonds.

In the cryptocurrency market, two developments have caught the attention of industry experts. Firstly, Silvergate, a bank that provides services to cryptocurrency exchanges, was listed on the New York Stock Exchange (NYSE) on November 7, 2019. This move is believed to enhance the credibility of the cryptocurrency industry, as well as offer investors an easy way to access the growing market.

Secondly, Voyager, a commission-free trading app, announced the acquisition of Circle Invest, a cryptocurrency investing platform owned by Circle Internet Financial. This acquisition is expected to give Voyager access to Circle’s existing clientele and assets, thus strengthening its competitive edge over other crypto trading apps.

Finally, in relation to cryptocurrency, the recent news of Mt.Gox trustee transferring 150,000 BTC and BCH coins valued at over $1 billion, to some exchanges has sparked investor concerns. The transferred coins are allegedly linked to a wallet containing coins from the infamous 2014 hack of the Mt.Gox cryptocurrency exchange.

In conclusion, the Federal Reserve’s decision to raise interest rates is expected to usher in a new era of potentially increased volatility for financial markets. However, the developments in the cryptocurrency market have provided investors with renewed optimism in the long-term prospects of the industry, despite lingering concerns about the security of some exchanges.

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