The recent decline in New York Community Bancorp’s (NYCB) stock price can be traced back to several factors including a drop in profits, loan losses, and regulatory pressure. As CEO Thomas Cangemi stated, “It’s a secular change in the use of downtown real estate.” Despite these challenges, Bitcoin continues to rise in value, demonstrating its resilience against traditional monetary systems. In the ever-changing landscape of traditional finance, the latest headlines surrounding New York Community Bancorp (NYCB) serve as a stark reminder of the fragility inherent in our current financial system.…
Day: February 7, 2024
Halving, Mining & Price: The Intertwined Fate of Bitcoin
The fate of #Bitcoin’s price, mining profits, and the overall health of the crypto ecosystem are intertwined as the next halving event looms in Apr 2024. Will the halving drive up prices or squeeze out less efficient players? Keep watch with us.