Investor Exodus from Banks Boosts Bitcoin's Appeal.

US banks' deposits dropped by $98 billion within a week due to fears of a banking collapse, while Bitcoin increased by 35% over the last two weeks. Customers moved their funds from regional banks to banks considered too big to fail, signaling fear of a banking collapse. Meanwhile, smaller banks borrowed at an alarming rate to prevent bank runs. US investors played a significant part in Bitcoin's recent rally, with 47% of the purchases that fueled BTC's price increase coming from US institutional players.