Tags: interest-rate hikes

Recent bank failures had market participants questioning if the U.S. central bank would follow through with its previous intention to further tighten monetary policy.

The two largest cryptocurrencies by market capitalization also recently appear to have decoupled from equity indexes.

The CPI data shows inflation remains problematic. Crypto investors are hoping the U.S. central bank breaks from its monetary hawkishness of the past year.

Investors found comfort in banking and finance regulators’ interventions on behalf of depositors to Silicon Valley and Signature banks and grew hopeful that the Federal Reserve would not boost interest rates at its next meeting.

Should we point fingers at Silicon Valley Bank, the Federal Reserve, the banking system, crypto or the depositors themselves?