Updates over the weekend: Gold hits ATH, Bitcoin hits $28,000, UBS buys Credit Suisse
What happened over the weekend?
UBS bought Credit Suisse for $3.2 billion
Swiss National Bank offers $100 billion in liquidity as part of the UBS deal.
This is a 73% discount on Friday on Credit Suisse’s closing price.
UBS credit default swaps have doubled since news broke that it would rescue Credit Suisse.
Gold hit an all-time high of $1,988 during Friday’s session
Bitcoin broke through $28,000 and broke through 200WMA
Bitcoin investors are extremely bullish as spot and derivatives volume is the highest over a year.
Research Analyst at CryptoSlate
James is passionate about data, technology, and identifying trends. James is a freedom and technology maximalist, seeing Bitcoin as the greatest invention of the 21st century.
This article has been originally published at: https://cryptoslate.com/insights/bitcoin-hits-28000-as-ubs-buys-credit-suisse-for-3-2b/