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Bitcoin => Bitcoin Discussion => Topic started by: Coojhb on April 26, 2023, 04:26:50 PM



Title: First Republic Bank’s drops down to record low...but volatility is only with BTC
Post by: Coojhb on April 26, 2023, 04:26:50 PM
100 billion USD were pulled out by investors from First Republic Bank. There are fears that First Republic Bank may be next in line of getting collapsed after Silicon Valley Bank and Signature Bank.

In single day First Republic Bank shares went down from 16 USD to 8 USD. https://www.nasdaq.com/market-activity/stocks/frc

Bitcoin has a cycle of bull runs, big sell off, recovery - Repeat. Still for me Bitcoin is still more predictable then Banks

News Source: https://www.aljazeera.com/economy/2023/4/26/first-republic-shares-hit-record-low-after-depositors-pull-100bn