2023-4-26 11:35 |
Quick Take First Republic Bank finished trading a whopping 50% lower share price yesterday — closing at $8.26. According to FOX News, it is reported that First Republic Bank is expected to be seized by the U.S. government. First Republic Bank is looking to offload up to $100 billion worth of long-dated mortgages and bonds to stay afloat. Based on this news, Bitcoin (BTC) broke $28,000 — up over 4% in the past five days. Gold also caught a bid, while U.S. equities slumped into negative territory. Assets: (Source: Trading View)
The post Bitcoin breaks $28k barrier amid First Republic Bank’s seizure fears appeared first on CryptoSlate.
origin »