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Bitcoin (BTC) tagged $30,000 into the April 26 Wall Street open as bulls gained further momentum from United States banking woes.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewHayes: "Uncertainty" driving BTC price, goldData from Cointelegraph Markets Pro and TradingView followed as it briefly reclaimed the psychological line in the sand, capping
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While Bitcoin still maintains a somewhat close correlation to the S&P 500, the digital currency is now being pitched as a better alternative to traditional banking. The price of Bitcoin (BTC) is dramatically on the rise despite starting the day with a bearish slump. At the time of writing, the premier
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Bitcoin (BTC) headed toward $29,000 on April 26 after overnight gains marked a solid rebound.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin short squeeze risk on the riseData from Cointelegraph Markets Pro and TradingView showed BTC/USD advancing swiftly during Asia trading to deliver 6.5% upside versus its local lows.The pair had
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The price of Bitcoin (BTC) spiked more than 3% in the last 24 hours as fears were sparked of another possible imminent bank failure as First Republic Bank (FRC) shares closed down more than 50% on April 25.According to the Head of Research at Australian crypto education platform Collective Shift,
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VCs remain the major source through which institutional investors access crypto. Venture capital (VC) firm Re7 Capital has tapped web3 advisory and crypto infrastructure firm Republic Crypto to launch a $100 million fund for liquid tokens. The fund, which is dubbed RxR Opportunities Fund, is one of the early initiatives of
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Since the collapse of Silicon Valley Bank, several industry stakeholders have been doing all they can to help cushion the pangs in the firm to help prevent it from collapsing. Regional banks in the United States might have recorded their worst month ever this March, the surviving ones, including First Republic
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Sweden’s largest pension fund Alecta dumped its First Republic Bank stake at a $728 million loss amid broader US banking losses. Swedish pension fund Alecta recently offloaded its First Republic Bank (NYSE: FRC) shares following the latter’s massive drawdown. The leading Swedish pension fund was the fifth-largest shareholder at the embattled
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Private Swedish pension fund Alecta has sold its shares in First Republic Bank, the American bank struggling to stay afloat after a serious drop in share value, a bank spokesperson announced March 21. Alecta was the bank’s fifth-largest shareholder.Alecta took a loss in the deal after losing funds in the
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In an attempt to save First Republic Bank, a number of mainstream banking giants have decided to come to the bank’s aid with a total deposit of $30 billion. The shares of San Francisco-based financial services firm, First Republic Bank (NYSE: FRC) are tumbling in today’s Pre-market after the firm got
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When crypto markets took a hit after the collapse of FTX and other crypto lenders last year, some crypto critics repeated the mantra, “Let crypto burn.” Now, it’s big banks that are faltering — including Credit Suisse and First Republic — after regional banks, including Signature Bank and Silicon Valley
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