The recent bankruptcies of Silvergate, Signature and Silicon Valley Bank made headlines beyond the crypto space. For the US crypto market, they are a major blow to key payment infrastructure. So the possibilities are significantly reduced to get your fiat money on exchanges. For the exchanges and large investors themselves, the transfer of assets among themselves is severely restricted.
Fed and Wall Street are pushing into the crypto sector
But help is coming from a supposedly unfamiliar direction: the trillion administrator Fidelity gives 37 million customers access to Bitcoin and Ethereum. And the Fed, of all people, is bringing a digital payment network into play with FedNow, which is scheduled to enter the test phase in mid-September. Is this where the traditional financial sector in the US is assimilating the crypto market? BTC-ECHO market expert Stefan Lübeck and moderator Peter Büscher discuss this question in this episode.
They also take a look at the latest events surrounding the SEC’s lawsuit against Ripple and the associated price jump in XRP, Cardano (ADA) and FLR. You will also find out the most important dates of this trading week and, as usual, the currently relevant price targets for Bitcoin await you at the end.
