March 20 Crypto Review: Bitcoin Crashes $28,000, All-Time High for Gold and Credit Suisse Acquired by UBS

In this video, Axel discusses the latest developments in the cryptocurrency market. He does this on the basis of reporting and technical analysis. This way you are quickly informed of the latest important crypto-related events. Let’s see the latest news.

In the video above, Axel informs you within a few minutes about all kinds of news and developments in the cryptocurrency market. This isn’t the only place where prices are skyrocketing, as the gold price has hit a new all-time high, can bitcoin follow suit?

We will also talk about rising prices in the world of cryptocurrencies. In the past 7 days, the price of bitcoin has increased by 25% and if we look only at that 24 hour period, it has increased by another 3.71%. BTC is currently trading at $28,057. It promises to be another interesting week.

Gold for $60,000

Today, a kilogram of gold is worth $64,000. Gold is strong evidence that investors are looking for a safe haven to store value and a way out of the current banking crisis.

In times of inflation, political turmoil and economic uncertainty, gold is considered a safe haven for investors looking for stable value for their money.

The increase in the gold price is therefore due to the current economic conditions. The pandemic led to an economic slowdown and currency devaluation, and now central banks are raising interest rates and commercial banks are collapsing one by one.

Stay informed!

Curious about the rest of today’s crypto news? Then quickly click the play button on the video above!

Did you not only like this video, but also want to learn more about cryptography? Be sure to subscribe to the BLOX YouTube channel! Every working day we publish a new video about the latest news. All you have to do is sit back and stay up to date in an easy to understand way.