With four banks collapsing this year, many people are concerned about the state of the U.S. banking system. But cryptocurrency, which had a rough 2022, has been making a striking recovery. Bitcoin (BTC/USD), the largest cryptocurrency by market capitaliza
With four banks collapsing this year, many people are concerned about the state of the U.S. banking system. But cryptocurrency, which had a rough 2022, has been making a striking recovery. Bitcoin (BTC/USD), the largest cryptocurrency by market capitalization, is up 62.7% year to date while the S&P Cryptocurrency Broad Digital Market Index is up 50.6% so far this year. In comparison, the Dow Jones U.S. Banks Index is down more than 14% year to date. The regional banking crisis has resulted in pe