Measured from the swing low at $0.0625, Dogecoin [DOGE] has made gains of close to 25% within the past five days. The sentiment across the crypto sphere was bullish following Bitcoin’s [BTC] sharp breakout past the $22k region on Monday.

Bitcoin has fallen below the $25,000 level during the past day as on-chain data shows signs of elevated activity from the whales.

As traditional banks face growing concerns amid forced closures in the U.S., Morgan Stanley suggests that Bitcoin should be shining as a means for people to hold value in private wallets without intermediaries.

During Friday’s session, when Bitcoin touched the low of $19,500 due to the fallout of SVB, further contagion spread into Europe.

Bitcoin broke $25,000, while Gold broke $1,920.

As concerns mount about traditional banks following the forced closures in the U.S., this should be bitcoin’s (BTC) “moment to shine,” as holders of the largest cryptocurrency in private wallets should be protected from counterparty risk, Morgan Stanley (MS) said in a research report Monday.

A recent study that examined the interest of several countries in bitcoin and crypto ranked El Salvador as second for having the most interest in the issue. While the U.S. was still ranked first, El Salvador’s high rank comes amidst criticism President Nayib Bukele has drawn from Salvadorans for his push for bitcoin adoption.

European stocks and banks continue to head lower as news on Credit Suisse.

We are on the brink of another banking crisis. Time for Bitcoin to go its own way and decouple from traditional financial assets.

The market is trading in green today as Bitcoin and other Altcoins are seeing a jump today as the U.S. CPI inflation data came down to 6%. The U.S. government also shared plans of protecting the citizens from another further banking crisis in the country.