Dogecoin Community Exploration
Discover the deeper value of dogecoin and the latest developments of dogecoin whales.
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Jun / 05
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- FDIC Reveals 63 US Banks at Risk of Insolvency, $517B in Unrealized Losses
- Jun 05, 2024 at 12:59 am TheNewsCrypto
- Sixty-three US banks reported staggering unrealized losses of $517 billion in Q1 2024, a $39 billion increase from the previous quarter. This has heightened concerns over the stability of the economy and financial sector. Weak manufacturing data pushed the ISM Manufacturing PMI below expectations, fueling speculation of an interest rate cut by the US Federal Reserve. Bitcoin surged past $70,000 in anticipation of a rate cut, while US banks continue to face pressure from rising interest rates and delayed rate cuts.
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Jun / 04
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- FDIC Says 63 Banks Faces Collapse, Bitcoin Price To Fall or Rise?
- Jun 04, 2024 at 05:44 pm Coingape News Media
- The FDIC reports $517 billion in unrealized losses in the US banking system, raising concerns about financial sector stability. The ISM Manufacturing PMI also signals a contraction in manufacturing, adding to recession fears. Bitcoin's price surges amid expectations of interest rate cuts. 63 banks face insolvency due to a credit squeeze, with unrealized losses reaching $517 billion in Q1 2024. These concerns highlight risks to the financial sector and the economy, as rising funding costs and lower asset yields impact the banking system.
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