Insights

Ripple effects, contagion, counterparty risk as banks and crypto stocks slide

exchange68September 13, 2024

0 1 1 minute read

Quick Take

Deutsche Bank AG (DB) is currently 15% down in share price — lower than 8 EUR.
While DB credit default swaps hit 4-year highs.
Contagion fears spread as US regional banks stocks hit new lows.
European bank stocks have given up all their gains for 2023 — falling as much as 20% since earlier this month.
Bitcoin holds firm above $28,000 — while Coinbase and Square head lower in pre-market trading.

BTC, Coinbase, Square: (Source: Trading View)

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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