Bitcoin Dominance Rises After the US Banking Crisis

In March, three major banks in the United States including Silicon Valley Bank (SVB), Signature Bank (SBNY) and Silvergate Bank (SI) went bankrupt, raising fears of a full-blown banking crisis.

First Republic Bank (FRCB) has become the latest victim of a banking crisis and further complicating matters, shares of Los Angeles-based lender PacWest Bancorp (PACW) have dropped more than 60 % on Wednesday.

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