Cryptocurrency Insight
After the price of Bitcoin dipped below $28,500 late Sunday evening (EST), the expected recovery in response to the First Republic Bank (FRC) seizure failed to materialize. While recent bank failures have generated upward momentum for Bitcoin, the price is currently hovering around $28,600. First Read More
Breaking news: As Reuters just reported, US authorities are currently coordinating urgent talks to rescue the troubled First Republic Bank (FRC) – for Bitcoin, this could mean a rally once again if history repeats itself as in recent weeks. Already on Tuesday, BTC experienced a Read More
Bitcoin price has been in an uptrend throughout 2023 after historic bank runs, but has recently been rejected above the key $30,000 level. However, the leading cryptocurrency has already rallied over $1,000 intraday to over $28,000 per coin after First Republic Bank shares collapsed. Maintaining Read More