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: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
  • 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: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

Paschi Troubles May Further Strengthen Demand for Bitcoin

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 cryptocurrency community is elated to see the price of Bitcoin hit the roof. But the scene isn’t so rosy for many Italian investors who decided to trust the country’s fiat economy and invest in one of the country’s leading banking institutions— Monte dei Paschi.

Italy has been going through a rough patch since the past few years. The country’s failing economy has gotten much worse lately and the recent referendum for the constitutional amendment wasn’t of much help either. As the situation worsens, Monte dei Paschi failed to raise the required funds through private investors before the government’s recapitalization deadline. This means the government will have to bailout the ailing institution by infusing a capital of more than 5 billion euros soon.

While the Italian government is willing to issue a bailout package, the European Union rules prevent it from doing so without hurting hundreds if not thousands of small time retail investors. According to reports, over 2-billion-euro worth of Monte dei Paschi bonds are with small, retail investors and if the government decides to rescue the bank, these investors can’t be compensated according to EU rules that prevent taxpayers from bearing the burden of rescuing the banks.

The new Italian prime minister believes that if Monte dei Paschi is allowed to fail, then the country’s banking sector will recede into a huge turmoil. While the government has bailed out few smaller banks in the past, at the cost of shareholders and investors’ money, this is a huge deal as Monte dei Paschi is much bigger than them all.

The effects of Italian economic situation are being felt in the cryptocurrency industry as well. The decreasing confidence among the traders and investors in the country’s economy is driving them towards alternative investment options like Bitcoin. The constantly increasing demand for Bitcoin has got the cryptocurrency’s price to rise over $850 mark and the trend is expected to continue into the future as well.

Ref: BBC | 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

snorter bot token

Μόλις 27 ημέρες απομένουν πριν κλείσει η προπώληση του Snorter Bot Token – Η πρώιμη πρόσβαση δεν θα διαρκέσει πολύ

Snorter Bot Token (SNORT): Η προπώληση που μπορεί να γίνει το επόμενο κορυφαίο Telegram trading bot, εισέρχεται τώρα στις τελευταίες 27...

Ιωάννης Ριζόπουλος 1 hour ago
ethereum-stablecoins-pepenode-maxidoge

Ethereum chute, mais la market cap des stablecoins explose : vers un redéploiement de capital ?

Septembre 2025. Ethereum recule violemment, presque 9 % envolés en quelques séances. Les liquidations à effet de levier ont nettoyé...

guillaumev 1 hour ago
Биткоин и график

Strategy инвестирует $100 млн в Биткоин – институционалы укрепляют рынок

В моменты сильных ценовых колебаний именно институциональные игроки задают тон развитию крипторынка. Яркий пример – HYLQ Strategy Corp, публичная компания,...

daria 2 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

Bitcoin price news

Bitcoin Price Could Still Crash To $99,000 If This Happens, Warns Ostium Labs

Jake Simmons 17 minutes ago

Snorter Bot Token สวนทางตลาด! ICO พุ่งทะลุ $4 ล้านในพริบตา

Narongdet Chaiwit 24 minutes ago
Bitcoin

Central Banks May Stockpile Bitcoin In 5 Years, Deutsche Bank Predicts

Christian Encila 1 hour ago

Premium Sponsors

Press Releases

  • memecoins at discount

    Những Meme Coin Tiềm Năng Đang Giảm Giá – Liệu...

    13 minutes ago
  • パイネットワーク...

    18 minutes ago
  • ripple

    Ripple: Liệu Có Tăng Giá Vào Tháng 10? Đồng...

    21 minutes ago
  • altcoins

    Các Cá Voi Crypto Đã Mua Những Altcoin Nào Trong...

    27 minutes ago
  • Най-добрите мемекойни за...

    2 hours ago

Newsletter

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.