Major cryptocurrencies rallied Sunday, as the Federal Reserve announced a new emergency loan program for banks after Silicon Valley Bank and Silvegate Bank...
Major cryptocurrencies rallied Sunday, as the Federal Reserve announced a new emergency loan program for banks after Silicon Valley Bank, once the 16th-largest bank in the U.S., and crypto-friendly Silvergate Bank both collapsed in the past few days.
U.S.... Major cryptocurrencies rallied Sunday, as the Federal Reserve announced a new emergency loan program for banks after Silicon Valley Bank, once the 16th-largest bank in the U.S., and crypto-friendly Silvergate Bank both collapsed in the past few days. U.S. equity markets also traded higher Sunday afternoon, with the Dow futures YM00 up 0.8%, and the S&P 500 futures ES00 up 1.2%. Futures for the Nasdaq 100 NQ00 rose 1.2%, according to FactSet data.
Meanwhile, U.S. financial regulators on Sunday said Silicon Valley Bank depositors would have access to “all their money” starting Monday, according to a joint statement by the Department of the Treasury, Federal Reserve, and FDIC on Sunday afternoon.
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