Bitcoin has been on a steep uptrend this week, leading the recovery in the cryptocurrency markets as the possibility of the US banking crisis becoming a global problem is priced in. Following the Fed's decision to tighten monetary policy in November 2021, cryptocurrency markets began a long-term correction from their peaks. This week's developments have helped spark a rally. The US Federal Reserve first bought the bonds of the collapsed Silicon Valley Bank and Signature Bank and then opened a discount window for struggling banks for the first time since 2008. Thus, according to data released yesterday, the Fed's ... (full story)