I am not into altcoins. But, WTF is happening in the market today?
Three stablecoins de-pegged. Stablecoins are not stable anymore.
https://coinmarketcap.com/currencies/usd-coin/ USDC Was traded for $0.877
https://coinmarketcap.com/currencies/multi-collateral-dai/ DAI Was Traded for $0.911
https://coinmarketcap.com/currencies/fei-usd/ FEI Was traded for $0.89.
FEI was de-pegged in 2021. But, This is the first time for USDC and DAI.
Hey, You. Yes, You. Haha, You were afraid of Bitcoin, and you were holding USDC?
Silicon Valley Bank 16 th largest in USA was forced to close by the feds.
200 billion in assets.
One of the largest US banks to ever fail.
Joe Biden and the Fed will continue the all out attack on “inflation”
and anyone betting that rates will drop in the next three adjustments will be crushed
March 22
May. 3
June. 14. are next three jumps
should be 0.50 each time
and late april early may new i-bond 8.3%
the good thing is eventually they will pivot. so buy dip and hodl. pivot will be nice.