Crypto’s future after another bank fails

Dear Reader, 

Never a boring day in the financial markets, eh?

I think this tweet pretty much says it all…

Yup... another bank failure.

They seem to be falling like dominos lately.

This time First Republic Bank (FRB) took it on the chin. 

FRB was placed under public receivership by the U.S. FDIC...

Right after shares plunged a jaw-dropping 75%...

Making it the second-largest bank collapse in U.S. history.

JPMorgan took it over shortly thereafter. 

What does this mean for the cryptoverse?

Well, one thing is for sure...

The legacy banking system seems on the verge of collapse.

For those of us who prefer crypto...

We couldn't be in a better spot right now. 

Because around the same time FRB's stock was dropping like a lead balloon...

Cointelegraph Markets Pro alerted members about...
  • SPA as it shot up almost 95%
  • PROM as it jumps almost 25%
  • OG as it took off by almost 27%
These are just three of well over one hundred double-digit alerts...

That Cointelegraph Markes Pro sent out since the start of the year. 

Dozens more are on their way no matter what happens to the legacy banking system. 

Click here to access these alerts too. 

Regards,

Russell DeCorte
Director
Markets Pro

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