CZ: US banks continue to increase their Bitcoin holdings during market downturns

GateNews
BTC-0,29%

Odaily Planet Daily reports that CZ reposted a tweet on the X platform stating, “Wells Fargo just bought $383 million worth of Bitcoin, and banks in the US are making large purchases,” and commented: “While you’re panic selling, US banks are continuously increasing their Bitcoin holdings.”

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitcoin Transaction Fees Fall to 2011 Lows As Analysts Warn of Slowing Network Activity

A new wave of debate hit crypto social media after Crypto Rover posted that Bitcoin fees had fallen to 2.5 BTC a day, the lowest level since 2011, and argued that on-chain demand was fading. The chart attached to the post shows two things at once: a sharp drop in total transaction fees and a much st

BlockChainReporter54m ago

Bitcoin’s ‘no direction’ action may lead to heavier breakout: Analyst

Bitcoin's prolonged consolidation below $70,000 may indicate a potential rally, despite mixed analyst sentiment. While some predict a breakout, others warn of deeper bearish trends. Current trading is stagnant, with Bitcoin at $66,890.

Cointelegraph55m ago

Bitcoin Enters Best Buy Zone Since 2022, Fourth Parabolic Bitcoin Move Expected

Bitcoin enters best buy zone since 2022.  This leads experts to expect the fourth parabolic Bitcoin move to play out soon. The price of BTC could hit $190,000 by 2030, presenting a perfect time to accumulate now The crypto community continues to watch the crypto market closely as the pri

CryptoNewsLand2h ago
Comment
0/400
GateUser-70465c62vip
· 01-10 10:23
2026 Go Go Go 👊
View OriginalReply0