{"id":3512,"date":"2024-08-09T11:31:23","date_gmt":"2024-08-09T11:31:23","guid":{"rendered":"https:\/\/blockwind.news\/china\/2024\/08\/09\/btc-eth-doge-mixed-after-credit-suisse-deal\/"},"modified":"2026-01-07T17:11:46","modified_gmt":"2026-01-07T17:11:46","slug":"btc-eth-doge-mixed-after-credit-suisse-deal","status":"publish","type":"post","link":"https:\/\/blockwind.news\/china\/2024\/08\/09\/btc-eth-doge-mixed-after-credit-suisse-deal\/","title":{"rendered":"BTC, ETH, Doge mixed after Credit Suisse Deal"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">March 21, 2023<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By Anjali Kochhar<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Major crypto coins traded mixed on Sunday following UBS Group&#8217;s acquisition of Credit Suisse Group AG for nearly $3.2 billion earlier in the day, as part of the Swiss authorities&#8217; emergency plans to protect the nation&#8217;s financial stability.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bitcoin rose to its highest trading price of the day at $28,459, before settling at a lower level of $26,877. Ethereum was down 0.33% at below $1,800. Dogecoin was trading at $0.074, up 0.96% in the last 24 hours.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the time of writing, the global cryptocurrency market capitalization stood at $1.17 trillion, an increase of 1.13% over the last day. &nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">CTO Balaji Srinivasan on Saturday said on Twitter that an impending global banking crisis could take Bitcoin to a whopping $1 million in less than 90 days. Since the tweet, Bitcoin is up 20%. According to Srinivasan&#8217;s forecast, a US banking crisis would lead to an American dollar deflation and an eventual hyperinflation scenario, pushing Bitcoin&#8217;s value to the unprecedented million mark.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The $3.2 billion acquisition of Credit Suisse by UBS Group earlier today is part of an emergency plan orchestrated by Swiss authorities to maintain the country&#8217;s financial stability. The Swiss National Bank committed to back the deal with a liquidity line of over $100 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Crypto analyst Micha\u00ebl van de Poppe <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1637527908959891458?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1637527908959891458%7Ctwgr%5E5a567d0e918ab6398fb56812755bbe9bd41a10ef%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.benzinga.com%2Fmarkets%2Fcryptocurrency%2F23%2F03%2F31413593%2Fbitcoin-ethereum-dogecoin-mixed-after-credit-suisse-deal-balaji-srinivasan-sees-banking-cr\"><u>believes<\/u><\/a>&nbsp;that Bitcoin&#8217;s position at $26,800 marks a key support level and is likely to foster further appreciation. He is expecting a likely push towards $28,500-29,200, followed by a pullback towards $25,000, before continuing the rally towards $40,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Pseudonymous trader DonAlt tells his 48,900 YouTube subscribers that \u201cBitcoin looks really, really good\u201d on the monthly timeframe after taking out resistance at $24,000.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Analyst Justin Bennett said the current market for crypto is one to watch. With prices already reaching a peak, Bennett highlighted the importance of bulls in defending areas such as $26,500 to determine whether this rally will be the peak or not.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>About the author<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Anjali Kochhar covers cryptocurrency stories in India as well as globally. Having been in the field of media and journalism for over three years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>March 21, 2023 By Anjali Kochhar Major crypto coins traded mixed on Sunday following UBS Group&#8217;s acquisition of Credit Suisse Group AG for nearly $3.2 billion earlier in the day, as part of the Swiss authorities&#8217; emergency plans to protect the nation&#8217;s financial stability. Bitcoin rose to its highest trading price of the day at [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":3513,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107,129],"tags":[],"class_list":["post-3512","post","type-post","status-publish","format-standard","has-post-thumbnail","category-all","category-ethereum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BTC, ETH, Doge mixed after Credit Suisse Deal - Blockwind News<\/title>\n<meta name=\"description\" content=\"BTC, ETH, Doge mixed after Credit Suisse Deal . 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