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How low will Bitcoin go? Regional US ‘bank stress’ pushes BTC toward $100K

Bitcoin plunged to $104,500 in the spot market as signs of credit strain in US regional banks reignited fears of a broader market sell-off.

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💡 DMK Insight

DMK Insight: The recent drop in Bitcoin's price highlights the interconnectedness of cryptocurrency markets with traditional banking systems. As credit strains emerge in US regional banks, investors may react by pulling back from riskier assets, including cryptocurrencies. This situation underscores the importance of monitoring financial stability indicators in traditional markets, as they can have significant ripple effects on digital currencies.