<ul><li>Unrealized losses on investment securities for US banks reached $512.9 billion in Q2 2024, seven times higher than during the 2008 Financial Crisis.</li><li>Bank of America holds $110.8 billion in held-to-maturity securities with unrealized losses, accounting for 20% of total losses across US banks.</li><li>The number of banks on the FDIC Problem Bank List increased to 66 in Q1 2024, representing 1.5% of the industry.</li><li>Bitcoin is experiencing a surge in adoption and price as US banks face major losses, with investors turning to it as a hedge against banking failures and economic uncertainty.</li></ul>

US Banks Face Massive Losses, Fueling Bitcoin’s Rise as a Safe Haven Asset

Discover more