MultiversX Tracker is Live!

Explanation for price increase

All Cryptocurrencies

by COINS NEWS 14 Views

I would love to hear an “explain like I’m five” style explanation why people think that recent banking collapses have driven up crypto prices. From my very basic understanding, failed banks make people worried about the safety of their money in banks. At the same time the share market remains unpredictable. Surely people are not thinking of crypto being a stable safe haven? I would have thought if anything, this loss of trust in the banking system would make people even less likely to take a financial risk. Am I missing something? Are the two events unrelated?

submitted by /u/ABloodHen
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 Maiar - DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡🟡🟡 Huobi🟡 Kucoin.