Bitcoin (BTC) approached a key weekly close on March 19, with traders concerned about a retest of lower levels. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $27,000 on Bitstamp. After briefly tapping $28,000 into the weekend, a slow comedown through out-of-hours trading denied bulls a squeeze higher.

Nearly 190 banks in the United States are at risk of a depositor-driven collapse. The monetary policies penned down by central banks could hurt long-term assets. Puerto Rico regulators closed down Schiff’s bank not too long ago, on July 04, 2022.

Sam Bankman-Fried is seeking to use FTX’s corporate insurance policies to cover his legal expenses. The move would put the former CEO on top of the FTX payout list. US Fed announces $25B in funding to backstop banks, including Silicon Valley Bank and Signature Bank. Bitcoin market cap flips tech giant Meta, widens gap on Visa.

Twitter user James Medlock offered to bet anyone $1 million that the United States would not experience hyperinflation. Ex-Coinbase CTO Balaji Srinivasan accepted the bet and set up a smart contract with the terms. If Bitcoin's price fails to reach $1m by June 17, Medlock will win $1M worth of the dollar-pegged stablecoin USD Coin and the 1 BTC.