Bankruptcy concept coin "Bitcoin" skyrocketed to 24K overnight, "Bitcoin was bailed out by FDIC"

Many events occurred on the 13th:

Anticipating Rate Hikes to Slow Down, or Even Cut?

If aggressive rate hikes are the main cause of these bank liquidity disasters, will the tightening policy ease off, or even revert to being more accommodative?

Jim Bianco, the macro strategist and president of financial research firm Bianco Research, pointed out that the two-year Treasury yield has dropped 85 basis points in the past three trading days. This level of change within three days has only occurred once in the past 40 years, during the 1987 stock market crash. Last week, the market was pricing in an 80% chance of a 50-basis-point rate hike at the next meeting, but now only 44% believe the rate hike will not intensify, staying at 25 basis points. Additionally, Goldman Sachs anticipates that due to recent pressures, the Fed may not raise rates at their meeting on March 21st and 22nd.

For the optimistically inclined cryptocurrency community, this could be interpreted as a possible end to rate hikes, or even a chance for a more accommodative stance. This narrative could mark the arrival of another spring in the cryptocurrency realm.

However, discussions in podcasts still suggest that the overall direction of the rate hike policy is unlikely to change significantly. The U.S. government is simply utilizing various means to assist the public in gaining deposits, without altering the goal of combating inflation.

A chart compiled from Yahoo Finance shows the scale of SVB and First Republic Bank:

Bank failures, as seen in FDIC statistics, are not uncommon and it is still uncertain how this will affect the rate hike objectives. However, it is worth noting that in the case of a single bank, the failure of SVB this time is comparable in scale to the combined total of over a hundred banks during the 2009 financial crisis.