BitMEX Founder Arthur Hayes Says US Banking Crisis Driving Bitcoin Price, Labels First Republic ‘Dead Bank Walking’

BitMEX founder Arthur Hayes says that the price of Bitcoin (BTC) is being driven by the recent US banking crisis while calling First Republic a “dead bank walking.” In a new thread, Hayes says that the banking crisis won’t end until the Federal Reserve cuts short-term interest rates, adding that the uncertainty of the Fed’s actions is driving up the price of both gold and the king crypto. “The US banking crisis is not over. Until the Fed cuts short-term rates below, I believe, 2% and steepens the yield curve, we will see bank after bank bite the dust and