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First Republic Bank dives another 20% with Bitcoin ‘ready for $40K’

First Republic Bank dives another 20% with Bitcoin ‘ready for $40K’


Bitcoin (BTC) has been tagging $30,000 since the April 26 Wall Street open due to bulls gaining momentum from United States banking woes. Former CEO of BitMEX, Arthur Hayes, believes that «uncertainty» is driving BTC and gold prices up, which is associated with the lack of clarity and cold feet surrounding the fate of First Republic Bank and lawmakers’ next steps. Despite the temporary consolidatory moves around the $30,000 mark, Bitcoin traders and analysts are confident about the overall uptrend continuing, and some predict a return to rangebound BTC price action at $30,000. The article does not provide investment advice or recommendations, and readers should conduct their own research.