Bitcoin News: The global crypto market prepares itself as another U.S based bank seeks government rescue in the fear of a horrible collapse. Bitcoin (BTC), the world’s largest crypto registered a massive rally when authorities rushed to provide help to collapsed Silicon Valley Bank (SVB) and Silvergate Bank.
As per reports, U.S. officials are in urgent talks to rescue First Republic Bank (NYSE: FRC) as it nears a slump. This development comes in when private sector companies’ attempts led by bank advisers haven’t been able to crack a deal.
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