63 US banks on the brink of insolvency: Why Bitcoin's next target is $100K

United States News News

63 US banks on the brink of insolvency: Why Bitcoin's next target is $100K
United States Latest News,United States Headlines
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Bitcoin price could be gearing up to a breakout to above $70,000, as a looming banking crisis could reignite its status of a safe-haven asset.

Bitcoin price may be closer to the big milestone $100,000 mark than many realize as a looming banking crisis could see BTC become the new "safe haven asset.") could be on track to the psychological $100,000 mark as the"digital gold" narrative gains more prominence as another banking crisis looms in the United States.At least 63 U.S.

“Higher unrealized losses on residential mortgage-backed securities, resulting from higher mortgage rates in the first quarter, drove the overall increase. This is the ninth straight quarter of unusually high unrealized losses since the Federal Reserve began to raise interest rates in the first quarter of 2022.”Hayes argued that this led investors to seek fixed-supply assets such as Bitcoin, during a Sep.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Paradigm leads $70 million raise for Bitcoin staking protocol BabylonParadigm leads $70 million raise for Bitcoin staking protocol BabylonBabylon builds infrastructure allowing proof-of-stake systems such as blockchains and Layer 2s to obtain staking capital from bitcoin.
Read more »

50 reasons why $70 million plus in small donations poured in after Trump verdict50 reasons why $70 million plus in small donations poured in after Trump verdictA mountain of new money has poured into Donald Trump's campaign coffers since the verdicts in his New York trial. It was the 'last straw' for countless Trump supporters, old and new.
Read more »

Score a lifetime of low-cost flights with this $70 membershipScore a lifetime of low-cost flights with this $70 membershipBudgeting for the fun parts of a vacation might be a little easier than scrimping and saving for the stressful parts of taking a trip.
Read more »

Score a lifetime of low-cost flights with this $70 membershipScore a lifetime of low-cost flights with this $70 membershipBudgeting for the fun parts of a vacation might be a little easier than scrimping and saving for the stressful parts of taking a trip.
Read more »

Oil to Test $70 Support Despite Cut Extension - Key Levels to Eye for Short EntryOil to Test $70 Support Despite Cut Extension - Key Levels to Eye for Short EntryCommodities Analysis by Investing.com (Damian Nowiszewski) covering: Brent Oil Futures, Crude Oil WTI Futures. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Read more »

Lenovo’s Surface Pro alternative is $70 off right nowLenovo’s Surface Pro alternative is $70 off right nowThe Lenovo IdeaPad D Series 2-in-1 laptop, an affordable Chrome OS alternative to Microsoft's Surface Pro devices, is even cheaper at $70 off from Walmart.
Read more »



Render Time: 2025-02-19 15:59:24