ChainCatcher reported that according to Cointelegraph, some analysts attributed the sharp rebound of Bitcoin today to the resurgence of the US banking crisis.

According to U.S. stock data, the largest decline of First Republic Bank today was nearly 20%, and it has been suspended twice during the session. The decline has narrowed to 16%. According to its previously released earnings report, First Republic Bank's customer deposits fell by 40.8% this quarter due to customer withdrawals. The bank received a cash injection of $30 billion in March, but the quarterly outflow has exceeded $100 billion.

According to CNBC, citing sources, the White House or the Treasury Department seems unwilling to put pressure on banks to develop an asset sale plan for First Republic Bank. (Source link)