• Credit Suisse, one of the world’s largest financial institutions, is facing potential collapse as its shares have plunged more than 24%.
• In response to banking uncertainty, President Biden has pledged to create a new facility that will lend money to banks needing additional capital.
• Bitcoin’s rising popularity reflects people’s concerns about the safety of today’s banking system and investors are advised to exercise caution and carefully consider their investment options – with some of the best cryptos to buy today being LHINU, AGIX, FGHT, STX, METRO and TARO.
Credit Suisse Plunges amid Global Banking Turmoil
Credit Suisse, one of the world’s largest financial institutions is facing possible collapse as its shares have plunged more than 24% in a day. Saudi National Bank – the largest shareholder in Credit Suisse – has declared that it won’t provide additional capital to aid the bank. This has caused global banking turmoil as concerns about the safety of today’s banking system spread worldwide.
President Biden Takes Action
In response to these developments, President Biden has announced plans for a new facility that will lend money to banks needing additional capital in order to remain operational. Depositors have been assured that they will be fully compensated.
Bitcoin Reaches Yearly High
Amidst all this turmoil, Bitcoin has reached a yearly high with its price rising from $19559 to $26534 at one point within just a few days; signalling that many believe Bitcoin can provide a solution to traditional banking problems. However BTC’s price has since declined again settling at $24425 at the time of writing; down 2.74% within past 24 hours after reaching its annual high previously mentioned.
Investors Advised To Exercise Caution
Given recent developments and ongoing concerns about safety regarding traditional banking systems; investors are advised by experts to exercise caution when considering their investment options and perform both fundamental and technical analyses before making any decisions.
Best Cryptos To Buy Today
Based on current market uncertainty some of the best cryptos which may be considered for purchase today include LHINU, AGIX, FGHT ,STX ,METRO and TARO .