Bitcoin rallies following the SVB collapse

Hello dear users of read dot cash I hope everyone is doing well and enjoying his health. I am very happy to see the progress of read cash users. With the arrival of random rewarder, everyone is coming back and they are posting with routine although it will take time to post on day to day basis. I still remember those passed days when everyone was posting in read cash actively. I am pretty much sure that it will take time but we will all grow together and we will flourish this platform.

Today we are going to talk about and the market situation. The crypto market is in different phase right now some people are saying that it is good time to buy it but on the other hand some people are making comparison of Bitcoin with Luna. Like we already have observed the crash of other crypto currencies which really affected the whole crypto market.

Let's just discuss the fact that Bitcoin is up today. The bulls are all saying, see, the demise of the breaking system is finally making our case. Part of it has to do with big assumptions that have been made about how quick the fed was in to step in and backstop depositors and there is a thought process that, maybe the government will start providing liquidity again. which is a massive departure from the line they have been pushing the last several months and there is a lot of hope coalescing around the idea when the fed meets later this month may be they won't be as quick to hike up the interest rates and so those macro events do very much ripple into the cryptocurrency market ,but one headwind that people are not talking about as much is the lack of liquidity and the overall crypto market will be a huge problem now that we have lost signature and the silver gait payment network.

24, 48 hours it looked like it could go the other direction when the usdc the dollar coin was significantly below. I don't know what the low tick was. There's a sense and we have analogize it had already with the money market mutual funds, are these about to experience another tether and cause widening pain so it's really amazing that apparently has now been unwound and what I saw today was trading back up near $1, so now where are people saying about the systemic issues that may not exist there?

It was worrisome Saturday when circle said it had a 3.3 billion dollar exposure because that when it banked with SBV. You saw the erosion of confidence ripple through the stable coin market which is the backbone of crypto trading and it slipped as low at 87 cents on Saturday and what it says when confidence was record, a lot of the investor money moved into tether wits biggest and most popular US dollar stable coin which has faced a lot of speculation around its reserves and it certainly does not shore up confidence about what happens in crisis. Meanwhile think back to last may, when tera USD collapsed and set off a crypto explosion and sequence of bankruptcy so the crypto is not stable.

Thanks for reading.