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ZyCrypto 2023-05-06 12:50:22

Bitcoin Tests $29k Amidst Banking Sector Woes, Crypto Firms Expanding Offshore, And Key Interest Rate Hikes

May 2023 started with yet another tumultuous week for the US Banking sector. On May 1, 2023, the federal government seized First Republic Bank following weeks over which depositors and investors pulled out their money. First Republic Bank was initially bailed out in March 2023 after receiving US$30 billion in deposits from the United States’

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