Experts are alarmed about the widening concerns in the US banking sector, predicting that more lenders will likely face insolvency. The Hoover Institution think-tank has highlighted that several US banks are already facing losses, leading to concerns over an acceleration of bank runs. The crisis has reportedly impacted around 200 lenders, whose sustainability was further threatened following the recent interest rate hike. Bitcoin has emerged as a favorable alternative asset for investors amidst the turmoil in the US banking sector.
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