A big panic has spread in different banks of the United States. In this situation, the alliance of these banks has requested the country's Federal Deposit Insurance Corporation (FDIC) to provide insurance against any deposit for two years in advance and ignore specified limits. So that faith returns to customers and banks return to normal situation. Since the rumors of SVB's closure, customers of Signature Bank have started withdrawing their deposits. In that event, their share prices started falling. Not only that, the shares of Signature Bank's peers also fell.
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Meanwhile, after Silicon Valley Bank (SVB) and Signature Bank, another bank of the country is at risk of collapse - First Republic Bank. However, some of the leading banks in the United States have come forward to prevent the collapse . 11 banks led by JP Morgan and Citigroup are depositing 30 billion or 3 trillion dollars to First Republic.
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Despite all this news, crypto is showing good signs. If this fear prevails in the banks, then a large deposit of the bank customer may be invested in Bitcoin or cryptocurrency. Investors can also earn huge profits against their deposits. What is your opinion in this regard?