Bitcoin Price Set For $30K As UBS-Credit Suisse Deal Fails To Contain Banking Crisis

Bitcoin price rises, while banks’ shares and bonds fell on Monday as UBS Group AG’s acquisition of Credit Suisse fails to calm investors’ fear, with the banking crisis deepening. UBS Group acquired the ailing competitor at a 60% discount for $3.25 billion, as part of the emergency ordinance and to prevent financial instability.