NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Italy and Greece to Drive Bitcoin Price Further Upwards?

Gautham
Gautham
4 years ago
2 mins read
ZCash Italy

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The banking system in Italy continues to wade through troubled waters. With no improvements in sight, the government of Italy is considering a bailout package for two major banks, Veneto Banca and Banca Popolare di Vicenza. The package worth 5 billion euros is still awaiting necessary regulatory approvals.

The weakening banking sector will be receiving the aid in the form of “precautionary recapitalization” as part of the Eurozone regulations. Apart from the presently earmarked 5 billion, the country’s institutions will be needing an additional 15 billion euros to attain some stability. According to reports, Monte Dei Paschi di Siena which has the distinction of being the world’s oldest lender alone needs about 8.8 billion euros to stay afloat.

As banks run out of liquidity, they are in dire need of taxpayers’ money to keep their doors open. At the same time, such a situation will adversely affect the economy due to loss of investor confidence, both domestic and international in the country’s financial system. In the worst-case scenario, the falling liquidity may also force the banking authorities to impose withdrawal and transaction limits, leading to situations similar to the one faced by the Greeks in the past year.

Making matters worse for the Eurozone, Greece is expected to default on its existing debts yet again. Amid arguments on whether to extend further financial support to the country or not, the International Monetary Fund has agreed that Greece is in need of further debt relief. However, the Eurozone lenders led by Germany and the IMF differ in opinion about the implementation of further reforms in the Greek economy. For a country, already under pressure due to austerity measures, any further cuts in spending in the name of reforms may hurt its citizens.

The Eurozone offers limited freedoms to its member countries when it comes to managing the financial systems, either regarding bailouts or fiscal consolidation.

In the end, it is the people who will be impacted by the hard financial decisions taken by concerned authorities. With no sign of improvements in sight at the moment, the Eurozone’s economic situation is expected to be driven further downwards by the conditions in Italy and Greece.

These developments are expected to drive the demand for alternative financial instruments that are not directly related to the conventional economic system. Gold and Bitcoin are two such assets that are going to receive special attention, driving demand further. It is expected to have a considerable impact on Bitcoin price in the coming days.

Ref: Financial Times | TOI | Reuters | Image: Shutterstock
Tweet123Share196ShareSend
Gautham
Gautham

Gautham

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

solana

Solana Summer Loading? SOL Eyes $180 Following Staked ETF-Fueled Breakout

Solana (SOL) has retested a crucial resistance level after recovering the $150 level over the weekend. The surge, fueled by...

Rubmar Garcia 3 hours ago
Ethereum

Ethereum At Risk? If $2,200 Cracks, $1,160 May Be Coming

Ethereum currently has strong support at $2,200, but one analyst has pointed out that if the level fails, the next...

Keshav Verma 4 hours ago

值得在7月下注的百倍幣有哪些?5個即將爆發10X上漲的最佳加密貨幣!

進入2025年第三季,加密貨幣市場熱度不減,資金輪動快速。與其追逐已經爆發的比特幣與以太坊,不少投資者正悄悄將目光投向那些價格仍低於0.1美元的潛力幣種。這些「百倍候選人」具備低門檻、高槓桿潛力,正是...

Mark Mak 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Ethereum price news

Ethereum Just Got Its MicroStrategy—Tom Lee Bets On Soaring ETH Price

Jake Simmons 55 minutes ago

Celebrating a Milestone: UXLINK Marks First TGE Anniversary and Three Years of Innovation, One-on-One with Rolland Saf, CEO of UXLINK

News BTC 55 minutes ago
Bitcoin crash

Analyst Calls For Bitcoin Crash As Price Pulls Above $108,000 — Details

Scott Matherson 2 hours ago

Premium Sponsors

Press Releases

  • Urmăriți în această săptămână memecoin-urile SOLAXY, BONK și POPCAT.

    4 Meme Coin Tiềm Năng Dưới 1 USD Có Thể Bùng Nổ...

    6 minutes ago
  • καλύτερα κρυπτονομίσματα

    Presale Coin Mới Ra Mắt: Token6900 Có Phải Là Một...

    38 minutes ago
  • Alt coin Tốt Nhất Để Mua

    Alt coin Tốt Nhất Để Mua: ChatGPT Dự Đoán...

    60 minutes ago
  • Gate Surpasses 30 Million Global Users, Accelerating Its...

    2 hours ago
  • Bitcoin Eyes $112K on Fed Cut Bets and ETF Frenzy

    7 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.