Next few weeks will be interesting

This Monday will be an interesting day for all markets.

Jerome Powell and the fed have called an emergency meeting for Monday at 1130 am likely driven by SVB collapse.

Coinbase has suspended usdc to us dollars transfers and they will open back up Monday when the banks do as of right now.

Luckily USDC has stabilized relatively.

We will see if there is an aftermath of all this that hasn't been felt yet since this happened on a Friday.

Here is a tweet that says FDIC is taking care of buisness.

https://twitter.com/BobEUnlimited/status/1634599211785134081?t=B4LR8tQQ9phhmMvrklMiOg&s=19

Tuesday is cpi data day. This will have a significant impact on the feds decision to hike rates faster for longer. Wednesday is ppi day which will also impact the fed greatly.

The following week on March 22nd we will have the rate increase which markets are priced in at .25 but expecting a possible .5 increase. A .5 increase would confirm we are getting hammered with higher increase for longer like Jerome led on.

On a positive note for bitcoin, money flowing out of stables could be going in to btc. Which is why the price is increasing slowly despite all of this.

Stay safe out there. Self custody your bitcoin.

Edit: not confirmed but shifty robingthehood also suspended usdc to us dollars transfers

Edit here's another link that says circle will keep the USDC redeemable

https://twitter.com/RadarHits/status/1634654967498788865?t=njh5SlKLnaQdNPZ_uW06nA&s=19