"Amidst the annual U.S. banking stress test, a curious revelation emerges - a direct impact on the cryptocurrency market, especially Bitcoin. The test results show an unprecedented resilience in the banking sector, with a notable exception for some players. But how does the health of regional banks, the most exposed to commercial real estate volatility, affect Bitcoin? Could the growing trend of shorting banks be a harbinger of a significant shift towards cryptocurrencies or...?"
Why some hedge funds are shorting U.S. banks Why some hedge funds are shorting U.S. banks
Mixed results from the Federal Reserve's bank stress test are in line with the increased shorting of U.S. regional banks. CryptoSlate explores the effects this could have on Bitcoin.
2 min read
Updated: Jul. 1, 2023 at 11:55 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
