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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Crisis
Robert Kennedy Jr Warns of Mega Economic Crisis — Says ‘It’s Not Just the Banks’ – Economics Bitcoin News
U.S. Presidential Candidate Robert F. Kennedy Jr. has warned that “the banking collapse is the tip of an economic mega-crisis,” emphasizing that “It’s not just the banks.” He also slammed President Joe Biden’s crypto mining tax proposal. “It is a mistake for the U.S. government to hobble the industry and
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US debt crisis may trigger 70% surge in bitcoin price says YouTuber
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. Treasury Secretary, Janet Yellen, has recently warned of the catastrophic consequences the U.S. could face if the country hits the debt ceiling without lifting it. In his recent video CryptosRUs explains that failure to do
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How can Bitcoin hold $28K amid the banking crisis?
In today’s Market Report episode, analyst and writer Marcel Pechman discusses whether Bitcoin’s (BTC) $28,000 support has a chance. Next, Pechman analyzes the First Republic Bank’s failure and its subsequent acquisition by JPMorgan. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.The first news article explains
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JPMorgan Chase Acquires First Republic Bank After Crisis
American multinational banking giant JPMorgan Chase has emerged as the lucky buyer of the embattled regional banking firm, First Republic Bank. As reported by CNBC, JPMorgan Chase & Co (NYSE: JPM) acquired all of the deposits of First Republic Bank (NYSE: FRC) and a substantial number of its shares. The acquisition was
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BitMEX co-founder highlights ongoing US banking crisis
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Arthur Hayes, the co-founder of cryptocurrency exchange BitMEX, has taken to Twitter to express his concerns about the ongoing banking crisis in the United States and how it could affect the crypto market. In particular, Hayes has
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Bitcoin has had four months of growth despite banking crisis
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bitcoin has had another positive month, making April the fourth consecutive month of gains, according to data from Coinglass. Bitcoin’s performance for the four months comes amidst a banking crisis and reveals that the closure of Silvergate
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First Republic’s crisis is not an isolated incident
An executive at JPMorgan Asset Management is unsure how United States regional banks are “going to operate” when the Federal Deposit Insurance Corporation (FDIC) and Federal Home Loan Bank (FHLB) emergency lending programs expire – warning that the possible collapse of First Republic Bank may cause a domino effect.In an
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Argentina imports banknotes amid crisis while citizens turn to bitcoin
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Argentina’s Casa de la Moneda struggles to keep up with the central bank’s demand for new banknotes, prompting it to import 1,160 pallets of 1,000-peso denomination banknotes from Paris and Malta. At the same time, bitcoin’s
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Deutsche Bank Posts Q1 2023 Results to Earn 11th Consecutive Quarterly Profit amid Global Banking Crisis
German banking powerhouse Deutsche Bank posted commendable Q1 2023 figures and remained on track to outperform revenue growth targets. Deutsche Bank registered its 11th straight quarterly profit according to its Q1 2023 earnings report released Thursday. For the period-ended March 31st, the German banking giant posted a net profit of 1.158 billion euros, or
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