Is the rally just starting?

SAFAKNA TURKEY – Silicon Valley Bank, one of America’s (US) largest banks, went bankrupt on March 11, making it one of the largest recorded bankruptcies in the US since the 2008 crisis. Following this bank, Silvergate Capital and Signature Bank declared bankruptcy in the US. It was announced that the banks went bankrupt due to the downturn in the cryptocurrency market and the loss of US Treasury securities they hold in their portfolios. Investors took refuge in gold, which they considered a “safe haven”, fearing that the US crisis could spread to other banks in the US and Europe after successive bankruptcies.

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