Another US Bank collapses!
Channel: BTC Lighthouse
Date: 2023-04-27

First Republic Bank witnessed a bank run this week. It saw a 100 billion dollar withdrawal of deposits inspite of getting a 30 billion dollar bailout during the collapse of other US banks. Its stock is down 70% this week and it is down 95% since Feb.

The US banking crisis is not yet over. The imminent collapse of yet another US bank caused bitcoin to shoot up by 10% to almost $30,000 before settling at $29,000 right now.