Probably the current market has a lot of us questioning whether we should buy or sell (probably HODL), or basically making us question, 'What the hell is going on right now?!

Banks are in shambles, Powell is coming in with probably the next 25bps hike, and that will of course put much more pressure on the remaining banks and the market.

Recent failed Banks overview:

• SFB SVB Sillicon Valley Bank: As of the end of December, SVB had roughly $209 billion in total assets and $175.4 billion in total deposits.
• Signature Bank: Signature had 40 branches, assets of $110.36 billion and deposits of $88.59 billion at the end of 2022.
• Credit Suisse 'Founded in 1856': At the end of 2022 Credit Suisse had $556.8 Billion in assets.

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Banks borrowed a combined $164.8 billion from two Federal Reserve backstop facilities in the most recent week, a sign of escalated funding strains in the aftermath of Silicon Valley Bank’s failure.

The prior all-time high was $111 billion reached during the 2008 financial crisis.

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Credit Suisse has said it would borrow up to $54 billion to shore up liquidity and investor confidence.

For reference: The last U.S. bank failure of this size was Washington Mutual in 2008, which had $307 billion in assets.

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Source: FDIC/FactSet

Recent Crypto overview:

• BUSD: Binance stablecoin backer says U.S. SEC has labeled token an unregistered security. (Source)
• USDC: Unpegging and repegging this week. (Source)
• Kraken: Kraken to Shut US Crypto-Staking Service, Pay $30M Fine in SEC Settlement. (Source)
• Coinbase: Coinbase beats revenue estimates but still posts $2.6 billion loss for 2022 amid Crypto Winter. (Source)

This is just a small list of things happening in the world right now that are certainly not positive, i'm sure I missed alot more in the list above but with all of the above unfolding in front of our eyes in such a short amount of time, with probably much more pain to come soon for the stockmarket. Crypto and mainly BTC/ETH seem to be unfazed by all of this right now.

It absolutely makes no sense to me that Crypto should be pumping right now. Don't get me wrong, I welcome and appreciate all of this Green alot!

No good news?

Well, the only positive thing I could find that could explain the current pump is that Jim Cramer recently called Bitcoin 'A Strange Animal,' and 'I Would Sell My Bitcoin Right Into This Rally'.

Cramer looking desperately at Bitcoin

All I wanna say by this is to warn you all to be careful and absolutely do not invest more than you can afford or handle. Because nobody knows if we already had the worst behind us or if we already reached the bottom of this cycle.

As the saying goes:

We don't know shit about fuck.