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2023-03-26 00:25:47 UTC

ghosty on Nostr: Bank Failures & Crypto Collapse - #Bitcoin Emerges As 'North Star' Over the last 2 ...

Bank Failures & Crypto Collapse - #Bitcoin Emerges As 'North Star'

Over the last 2 weeks, the global financial system has faced its biggest crisis since the Lehman dominoes started to fall.

First Republic has experienced a serious confidence crisis, characterized by deposit flight that continues despite an injection of $30 billion in deposits last Friday. First Republic has been downgraded twice by S&P; and its share price has dropped by nearly 87% in March so far.