Tag: Banking

Bitcoin Climbs Above $29,000 As US Banking Crisis Deepens

Bitcoin Climbs Above $29,000 As US Banking Crisis Deepens

Bitcoin price surged above $29,000 and the reason is like poetry. Just hours after US Federal Reserve (Fed) Chairman Jerome Powell assured the public at yesterday’s FOMC meeting that the US banking system is safe and sound, several regional banks have come under heavy pressure Read More

US Effectively Nationalizes Banking System

US Effectively Nationalizes Banking System

The beauty of Bitcoin is that it doesn’t need a marketing team: governments, central banks, banks and regulators have been giving Bitcoin free promotion over the last few months (and years), showing why it needs a state-independent monetary system. And the bankruptcy of First Republic Read More

Bitcoin Falters As President Biden Admits US Banking Sector Is Weak

Bitcoin Falters As President Biden Admits US Banking Sector Is Weak

US President Joe Biden speaking at National Small Business Week on May 1, admitted that the US banking system is fragile. In a recent statement, the Head of State revealed that the Government will institute measures to ensure that its financial system remains “solid and Read More

Banking Crisis Sees Bitcoin Market Cap Rise By $26 Billion

Banking Crisis Sees Bitcoin Market Cap Rise By $26 Billion

Today, March 20th, was hectic in Bitcoin and crypto market. Some major coins and altcoins have posted gains in their seven-day prices. While BTC is up at 3.47% over 24 hours, its seven-day gains are 27.93%. On the other hand, Ethereum has gained 12.82% in Read More

Bitcoin Could Continue Rally Amid Intensified Banking Crisis, Here’s Why

Bitcoin Could Continue Rally Amid Intensified Banking Crisis, Here’s Why

While the US banking crisis seems to be getting worse by the day, the cryptocurrency market, including Bitcoin (BTC), has reacted to it in a positive manner. In recent weeks, BTC has risen by almost 40% despite the condition of the financial sector. According to Read More