Bitcoin Holds Near $29K as Investors Weigh Rate Increases, Banking Contagion
BTC traded flat after a slight dip early Thursday. Ether also traded in a narrow range. Source
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Banking
Bitcoin drops with stocks as analyst warns of banking crisis ‘endgame’
Bitcoin (BTC) slid below $29,000 around the May 4 Wall Street open as United States equities showed jitters over the resurgent banking crisis.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView"Too much all at once" for U.S. banksData from Cointelegraph Markets Pro and TradingView showed BTC/USD losing ground as the S&P 500
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9 tips to help crypto companies choose and succeed with a banking partner
Choosing the right banking partner can be a particularly tricky process for a crypto or blockchain company. While there are many options in the market, only a few will possess the experience, commitment and risk tolerance companies in a young and tech-forward industry need. And simply making a choice won’t
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How are Bitcoin options traders positioning for the US banking crisis?
For the past 14 days, cryptocurrency markets have been trading within an unusually tight 7.1% range. In other words, investors are unwilling to place new bets until there’s additional regulatory clarity, especially in the United States.The total crypto market capitalization fell by 1% to $1.2 trillion over the seven days
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IMF Chief Warns of More Weaknesses in US Banking Sector — Sees ‘Gradual’ Shift Away From US Dollar – Economics Bitcoin News
International Monetary Fund (IMF) Managing Director Kristalina Georgieva expects “more vulnerabilities” in the U.S. banking sector amid a growing de-dollarization trend worldwide. “There has been a gradual shift away from the dollar,” the IMF chief acknowledged. U.S. Banking Crisis Continues The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, talked
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Bitcoin's Dominance Rate Surges After U.S. Banking Crisis
Bitcoin's outperformance during the banking crisis indicates the cryptocurrency is the anti-dollar liquid play for investors, one portfolio manager said. Source
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US regional bank shares sink despite Fed calling banking system ‘sound’
Share prices of several United States regional banks tanked in after-hours trading Wednesday, despite Federal Reserve Chairman Jerome Powell calling the banking sector “sound” and “resilient" just hours before.One such regional bank, PacWest Bancorp, fell a whopping 52.5% in after-hours trading after Bloomberg reported that the bank would explore strategic
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Federal Reserve Raises Interest Rate by 25bps, Insists ‘US Banking System Is Sound and Resilient’ – Bitcoin News
The U.S. Federal Reserve, in conjunction with the Federal Open Market Committee (FOMC), announced on Wednesday that the central bank would raise the federal funds rate by 25 basis points (bps), as was widely expected by the market. This marks the tenth consecutive occasion in which the Fed has raised
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PacWest Leads Crash in Banking Stock Falling 28% as Others Follow Suit
PacWest and Western Alliance banks recorded heavy losses on Tuesday as the market is still reeling from problems caused by recent collapses. Shares of bank holding company PacWest (NASDAQ: PACW) led a heavy crash in bank stocks on Tuesday. The stock tumbled nearly 28% as the general banking clime continues to
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Breaking the Barriers of Traditional Banking With Digital Assets – Op-Ed Bitcoin News
Another one bites the dust! The banking industry in the United States is in trouble, and regional banks are feeling the squeeze. A number of banks have failed recently due to mismanagement, poor risk management, and other factors which are leading to bailouts and buyouts from large players. They’re consolidating
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