Banking Crisis Redux: Bitcoin Priced In First Republic Bank Shares Rockets Higher
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Bitcoin rallied earlier this year on the back of some of the biggest bank runs in decades. The banking sector crisis could be making a comeback, according to a second-leg up in BTC priced in First Republic Bank shares. Take a look below. Bitcoin Priced In Banks Gets Another Leg Up Several banks struggled to meet a sudden influx of depositors seeking to withdraw funds this past March. The crisis in the banking industry kickstarted a massive surge in Bitcoin price. The top cryptocurrency soared relative to USD, but when priced in bank shares of the afflicted banks, the charts
The recent sharp decline in shares of major U.S. regional banks has sparked fears of another banking crisis. The collapse of First Republic Bank, the largest U.S. bank failure since 2008, has sent shockwaves through the financial sector, prompting experts to warn that a “confidence crisis” could happen to any…