THIS WEEK IN CRYPTO

  • Bitcoin Stumbles Below $24.5K Amid European Banking Uncertainty. Credit Suisse's recent troubles are causing concern among investors, as it weighs heavier than Silicon Valley Bank. The impact is being felt in stocks, oil prices, and the euro. While the banking crisis could eventually work in favor of Bitcoin, for now, it's understandable that crypto is experiencing some weakness.
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  • Ethereum's Shapella Upgrade Successfully Completes Final Testnet Deployment. The Goerli test network hosted the final rehearsal for Ethereum's Shapella upgrade, allowing for the activation of staked ETH withdrawals on the mainnet. Users of the testnet's Beacon Chain can now fully or partially withdraw staked Ether.

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