CandleFocus Bitcoin’s $2 Trillion Market Surge Outshines $515 Billion U.S. Bank Losses
2024-11-25
Author: Content Editor
The US banking sector has suffered substantial unrealized losses of $515 billion, with previous losses peaking at over $600 billion earlier this year. These losses have been driven by Federal Reserve rate hikes, devaluing bonds and fixed-income assets held by banks. High-profile failures in 2023 have further eroded confidence in the banking sector, leading to a shift toward digital assets such as Bitcoin. Bitcoin and the broader decentralized finance (DeFi) ecosystem have seen significant price growth, with Bitcoin surging 46.27% in the past month and 158.63% year-to-date. Analysts expect further gains, with Bitcoin projected to reach $100,000 by the end of 2024.
Related News
South Korea Debates Crypto Tax Bill Today: What to Know Shiba Inu Lead Says Burning 99% of SHIB Circulating Supply is Possible South Korea Rejects Bitcoin Reserve Plans for Now Bitcoin Exchange Binance Announces Support for Network Upgrade and Hard Fork of This Altcoin! Metaverse Mania Drives Decentraland (MANA) Price to 9-Month High AltLayer Eyes Breakout, Can ALT Hit $0.42 After Double-Bottom Reversal? TON Foundation Awards $500K to HOT Labs for Gas-Free Memecoin Platform Bitcoin’s $2 Trillion Market Surge Outshines $515 Billion U.S. Bank Losses ETH, SOL, and XRP Outshine BTC in the Past 7 Days; More Gains Coming? Top GameFi Tokens to Watch Before 2024 Ends Bitcoin Exchange Binance Announces Addition of Multiple USDC Pairs to Margin Platform! $6b in Bitcoin left exchanges amid declining whale activity “Rich Dad Poor Dad” Author Shares Stunning $500,000 Bitcoin Prediction Binance Tops Bitcoin Reserves at 40%, Adds $8.73B in 2024 BTC and ETH Open Interests hit new all-time-high as Bitcoin nears $100k Expert Says XRP Reaching $100 is Very Possible, Ditches Market Cap Concerns Crypto Hack Weekly Report: Threat Analysis and Major Escalation of Hacks DegenVerse and DeBox Social Partner to Revolutionize Web3 Gaming Stellar (XLM) Targets $5 Breakout as Rare “Adam & Eve” Pattern Emerges Will Polkadot Price Continue To Rally Following 100% Surge? Pump.fun Faces Backlash as Users Misuse Livestreams for Harmful Acts Can SAND Sustain Its Bullish Momentum After a 37% Spike? As XRP Falls, Expert Predicts Most likely Scenario for XRP Vitalik Buterin: Crypto Must Adapt or Risk AI Dominance Axie Infinity game developer Sky Mavis lays off 21% of workforce SEC Settlement with Ripple: Could This Spark a $10 Rally for XRP? Solana (SOL) Bulls Stay in Control: Rally Far From Over? MicroStrategy’s Premium Surges to 2021 Levels Bitcoin Price Pauses Under $100K: Bulls Eye the Milestone Expert Says It’s Time for Dogecoin to Pump to $3 Celestia breakout sparks optimism: Will TIA hit $12.08? JASMY’s Cup and Handle Formation Signals a Game-Changing Breakout Ethereum’s Uptrend Slows Down When It Reaches The $3,400 Mark FTX Token (FTT) Skyrockets 42% As Reimbursement Plan Gains Court Approval Ethereum price prediction: here’s why ETH could surge soon Analysts Eye 590% Gains In COSMOS Crypto, If It Does This nDapp.org receives user wallet page and support for Neo X statistics Chill Guy Meme Coin Pumps Another 50% as Creator Fights Back Latam Insights Encore: El Salvador Is Uniquely Positioned to Become the Microstrategy of Nation States New Satoshi theory suggests it’s been the ‘2010 megawhale’ all along Top Crypto Analyst Unveils Two Triggers That Could Signal Bull Market Top for Bitcoin (BTC) From Premiums to Discounts: Bitcoin’s Wild Ride Splits Global Markets XRP Analyst Sets $2 Target If It Holds Key Level – Can It Reach Multi-Year Highs? Liquidus Unveils Ambitious Roadmap to Revolutionize the DeFi Landscape Watch Out: Numerous Economic Developments and Altcoin Events in the New Week – Here is the Day-by-Day, Hour-by-Hour List Polkadot Surges Past $8 Mark Senator Ted Cruz: I aim for Texas to be a hub for Bitcoin and cryptocurrency Can Solana surge to $299 soon? What the data suggests SEC Push Against Elon Musk Stalls as Judge Denies Sanctions XRP at a Make-or-Break Moment: Is $2 Within Reach? Hong Kong's ZA Bank lets users trade crypto against fiat currencies on its banking app Nepal cracks down on ‘crypto’ fraud; Paju City targets tax defaulters Stellar Price Skyrockets Over 80%, XLM Rally to $1 Imminent? Crypto Whale Unloads USDC To Accumulate Various Tokens Amid Bull Run Crypto miners in Texas’ ERCOT region are now required to report power demand Can Bitcoin Price Rise Above $99k Today? Indicators Turn Green Despite Pullback Below $96k Trump Media Files for ‘TruthFi’ Trademark to Offer Crypto Services XRP Price Prediction For November 25 Metaplanet Stock Soars After Securing Bitcoin Magazine Japan for Bitcoin Adoption 10 Reasons Stellar (XLM) Is the Most Underrated Crypto, Says XRP Co-Creator Elon Musk, the world’s richest man, hits record $348B net worth The Heco Chain announced its official retirement, urging users to convert and redeem their assets Cantor Fitzgerald Plans $2 Billion Bitcoin Lending Program via Tether: Report Polkadot Surges with a 90% Rally: A Technical Analysis Bitcoin (BTC) Briefly Hits $98,000 Before Dipping by 0.05% Decentralized science is like early DeFi in 2019: Crypto VC BabyDoge Launches on Nexo Futures with Up to 15x Leverage Dogecoin (DOGE) Begins $1 Wave Surge, Bitcoin's (BTC) Trouble at $100,000: Details, Solana (SOL) to Get Tested in 3 Days This Week in Crypto Games: 'FIFA Rivals' Announced, 'MemeFi' Airdrop, and 'Pac-Man' NFTs Crypto liquidations reach $470M as Bitcoin retraces, altcoins surge Realized Cap Suggests Bitcoin Will Reach $141,000 Soon – Analyst