Considerations on global developments with banking and cryptocurrencies.

Hello dear friends of the community @leofinance , receive greetings and many blessings to all, I want to share with all of you by going a little out of my comfort zone the global financial and economic situation that is currently being presented.

As we already know this week that has concluded we could evidence a series of movements in both traditional markets and markets where cryptocurrencies are traded that are not encouraging in any of the two.

Undoubtedly, the downward movement of the main currency such as Bitcoin, which reached 23,000K at its current price of 21,300K at the time of this publication, generated a very big concern to the entire global market, both traditional and digital..

In addition to this, in the United States a series of important events took place such as the closure of some very important banks for their financial markets, such as Silvergate Bank, which had digital financial assets in its capital.

In turn, with the collapse of this bank as many other companies that had capital deposited there have lost it, which will open a chain reaction of large economic losses that directly affects all markets, not leaving aside the cryptocurrency market.

Now it remains to wait to see how this difficult situation that these companies are going through without the possibility of having their resources to cover their needs, hence the importance of being able to diversify our savings and not have them in one place, to be able to dispose of it in situations like these that happen suddenly.

Undoubtedly, with banks as important as this one and others, savers will be more attentive to make capital movements and protect them where they believe it is more convenient, besides it gives a sample of the hard financial and economic situation that the world economy is going through where nobody escapes.

This economic catastrophe of some banks has been looming for a long time and I think it even took some people by surprise, now we have to wait and I believe that the crypto market will be strengthened by being decentralized, as events happen in the traditional market and both companies and investors see as the best option and better eyes to the crypto market, this will take a better course which is what we all want

Well I say goodbye, I want to thank you for your support and for visiting my blog, wishing you many blessings and success in your life.