During Friday’s session, when Bitcoin touched the low of $19,500 due to the fallout of SVB, further contagion spread into Europe.

Bitcoin is up 25% from the lows, while Gold is up 5%, these assets could be making markets aware of global financial distress, and further fallout is unknown.

Credit Suisse has got major headlines, but we can suppose contagion may spread further as rate hikes at this moment in time are planning to go ahead.

However, crude oil, an indicator of inflation and recession, has plummeted by 15% in the past month.