Bitcoin's Surge Continues Amid Banking Crisis
The recent bank collapses have shaken financial markets, providing a perfect setting for the decentralized-financial system to stand out as an alternative and for a continued advance in cryptocurrency markets, according to a research report by Bernstein. The report notes that the banking on-ramp to crypto may be weaker in the US, but continues to be stable internationally, with access through over-the-counter hubs in Asia and Europe. As more outside money is forced to participate, the moves higher in cryptocurrency markets should become sharper.