Does the US banking collapse bring faith in BTC and ETH?

The collapse of the US banking system has led many individuals to lose faith in traditional financial institutions. As a result, more people are turning to digital currencies such as Bitcoin and Ethereum as a safe haven for their investments. With their decentralized nature and transparent transactions, cryptocurrencies are becoming increasingly popular as an alternative to the traditional banking system. As the world becomes more digitized, it is likely that cryptocurrencies will continue to gain mainstream acceptance, offering investors a secure and reliable form of financial protection.

The crypto market experienced volatility this week, owing to heightened interest rates in the USA that impacted three leading US financial organizations catering to the tech sector. The US Treasury Department and the Federal Reserve stepped in to safeguard customers, while bond and equity holders may face losses. This development influenced the performance of Bitcoin and Ethereum.

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