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Bitcoin Hovers Below $29,000 Amid US Regional Bank Stock Crash and Latest Fed Rate Hike

By Mehron Rokhy at 2026-05-04 21:18

Sentiment: Negative

Bitcoin (BTC) is hovering below the $29,000 level as regional bank stocks in the US crash and the Federal Reserve announces new rate hikes. New data from the KBW Nasdaq Bank Index, which is designed to keep track of the performance of leading banks in the US, reveals that bank stocks have sharply declined since […] The post Bitcoin Hovers Below $29,000 Amid US Regional Bank Stock Crash and Latest Fed Rate Hike appeared first on The Daily Hodl. Continue reading...

Categories: Bitcoin

Tags: #Bitcoin #Trading #bank stocks #BTC #Crypto #Federal Reserve #interest rate hike #News

Source The Daily Hodl