bank run
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#Bitcoin Market Soars as US Bank Run Drives Traders to Cryptocurrency
On March 28th, according to a Bitfinex Alpha report, Bitcoin gained strength due to a bank run in the United States. The weekly trading volume of the Bitcoin spot market has reache
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American financial services and financial technology company Brex received billions of dollars from Silicon Valley Bank on Thursday
According to CNBC, Brex, an American financial services and financial technology company, received billions of dollars from the Bank of Silicon Valley on Thursday (March 9). A person with direct knowledge of the situation said that Brex opened thousands of new accounts on Thursday, with a total inflow of billions of dollars. Other companies such as JPMorgan Chase, Morgan Stanley and First Republic Bank also saw an increase in capital inflows on Thursday, and SVB’s share price fell sharply due to bank run worries caused by venture capital. The outflow…