© Reuters.
Confidence in the United States financial system seems to be eroding fast, with investors trying to find the next weakest link that is about to collapse. Bill Ackman, CEO of hedge fund management firm Pershing Square, cautioned that time was running out to fix the problem.
The U.S. equities markets have become vulnerable to adverse news on the regional banks, as seen from the sell-off in the past three days. Compared to that, (BTC) has held strong and is hovering near its critical overhead resistance at $31,000.
This story originally appeared on Investing
