Today's outflow of funds from the American banking system is practically associated with their influx into the crypto industry. Since the collapse of SVB more than 500 billion have already been withdrawn from the sector. $ of client funds.
This trend indicates the search for alternative ways to save their money, even in conditions of unshakable American faith in the same dollar.
The total market capitalization is increasing. The increase in value crypts is mainly due not to the redistribution of funds within it spheres, and the emergence of new participants.
Dynamics of market capitalization and volume of cryptocurrencies in trillion.$ for the last year
In the conditions of peak and long-growing dominance of BTC in relation to altam for the last a month, there are very good growth prerequisites for the latter in the near future.
BTC market dominance to alt, %
The ongoing banking crisis in the United States adds fuel to the fire. Although the US president himself, at his last press conference with his Canadian counterpart, Prime Minister Justin Trudeau, in Ottawa, tried to assure everyone about the immediate settlement of the situation. However, it was not necessary to hear any specifics about the ways in which this will be achieved.
The outflow of deposits from the American banking system – growth prospects for the crypt – Something like That!
