market confidence

On March 20th, the US Midsize Banking Alliance sent a letter to the US Treasury, the Federal Deposit Insurance Corporation, the Office of the Comptroller of Currency, and the Federal Reserve, requesting that the insurance coverage of the Federal Deposit Insurance Corporation (FDIC) be extended to all deposits in the next two years, with the relevant costs borne by the banks themselves. In its letter, the organization stated that expanding insurance coverage could immediately prevent a significant outflow of deposits from smaller banks and prevent more bank closures. The organization said that the recent banking turmoil has caused people to lose confidence in all banks except large banks, and it is necessary to immediately restore market confidence in the entire banking system. The US Midsize Banking Alliance requires the FDIC to provide two-year insurance for all deposits Analysis based on this information:The recent banking turmoil brought on by the pandemic has prompted the Midsize Banking Alliance to take action to…

On March 14, Bitcoin rose more than 11% in the past 24 hours, and its trading price on Tuesday exceeded $24700, recovering all losses on the weekend, hitting a three-week high. Bitcoin short positions of more than US $100 million were closed yesterday, reaching a two-month high Analysis based on this information:Bitcoin, the world’s most popular cryptocurrency, has soared more than 11% in the past 24 hours, regaining all losses over the weekend and reaching its highest trading price in three weeks. On Tuesday, March 14, Bitcoin’s trading price surpassed $24,700, an indication that the market is regaining confidence in digital currencies. The recent surge in Bitcoin’s value is attributed to several factors, including the recent announcement by Visa to launch a pilot program allowing customers to buy goods and services using cryptocurrency. This development has been seen as a significant step towards mainstream adoption of digital currencies, which has long been a concern for investors. Additionally, the recent market…