“The U.S. banking crisis and the intense shift in U.S. bank deposits to U.S. money market funds are viewed by crypto supporters as a vindication of the crypto ecosystem,” the report noted, with analysts arguing that the crisis “exposed the weaknesses of the traditional financial system given bank’s maturity mismatch is susceptible to bank runs.”
Original Source: https://www.coindesk.com/markets/2023/05/03/first-mover-asia-bitcoin-recovers-from-fed-dip/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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