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US Bitcoin ETFs surpass $100 billion, pose challenge to largest Bitcoin holders Bitcoin surges to $97k as market leverage hits historic $63 billion Memecoin revival drives Solana DEX Raydium past Tether in fees Ethereum falls to 4-year low against Bitcoin as BTC breaks above $94k Bitcoin ETFs record over $1 billion inflow in 2 days as new price peak boosts investments
Banks resume slide as First Republic gets $30B in deposits Banks resume slide as First Republic gets $30B in deposits James Van Straten · 2 years ago
Insights Macro

Banks resume slide as First Republic gets $30B in deposits

Credit Suisse and First Republic Bank slide during pre-market, while SVB files for bankruptcy.

James Van Straten / @jvs_btc / Mar. 17, 2023 at 12:22 pm UTC

Quick Take

  • First Republic Bank’s share price is down 80% in the past month and got 11 major U.S banks to pledge $30 billion, but the stock continued to slide during today’s pre-market, down 14%.
  • Credit Suisse is also down 9% during pre-market.
  • SVB financials files for chapter 11 bankruptcy in New York
  • As a result, Gold increases gains by 1% to $1,936.
  • Bitcoin extends gain approaching $27,000.
First Republic Deposit: (Source: Charlie Biello)
First Republic Deposit: (Source: Charlie Biello)
Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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