Bitcoin

Foundation

<h2 id="quick-take">Quick Take</h2>
<ul>
<li>Several regional bank stocks were halted due to volatility on May 2 after dropping more than 25%.</li>
<li>KBW Nasdaq Regional Banking Index is down a further 4% today; it is down -26% for the year</li>
<li>PacWest <a class="css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0" dir="ltr" role="link" href="https://twitter.com/search?q=%24PACW&amp;src=cashtag_click">$PACW</a>: -29% and <a href="https://www.nasdaqtrader.com/trader.aspx?id=tradehalts">halted</a></li>
<li>Metropolitan Bank <a class="css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0" dir="ltr" role="link" href="https://twitter.com/search?q=%24MCB&amp;src=cashtag_click">$MCB</a>: -27% and halted</li>
<li>Western Alliance <a class="css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0" dir="ltr" role="link" href="https://twitter.com/search?q=%24WAL&amp;src=cashtag_click">$WAL</a>: -25% and halted</li>
<li>HomeStreet <a class="css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0" dir="ltr" role="link" href="https://twitter.com/search?q=%24HMST&amp;src=cashtag_click">$HMST</a>: -16% </li>
<li>Zions <a class="css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0" dir="ltr" role="link" href="https://twitter.com/search?q=%24ZION&amp;src=cashtag_click">$ZION</a>: -11% </li>
<li>First Foundation <a class="css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0" dir="ltr" role="link" href="https://twitter.com/search?q=%24FFWM&amp;src=cashtag_click">$FFWM</a>: -10% </li>
<li>Comerica <a class="css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0" dir="ltr" role="link" href="https://twitter.com/search?q=%24CMA&amp;src=cashtag_click">$CMA</a>: -9% </li>
<li>Keycorp <a class="css-4rbku5 css-18t94o4 css-901oao css-16my406 r-1cvl2hr r-1loqt21 r-poiln3 r-bcqeeo r-qvutc0" dir="ltr" role="link" href="https://twitter.com/search?q=%24KEY&amp;src=cashtag_click">$KEY</a>: -8%</li>
<li>Bitcoin is up 2% today</li>
</ul>
<figure id="attachment_322159" aria-describedby="caption-attachment-322159" style="width: 1533px" class="wp-caption aligncenter"><img class="wp-image-322159 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/banks1.png" alt="Banks: (Source: Trading View)" width="1533" height="989" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/banks1.png 1533w, https://cryptoslate.com/wp-content/uploads/2023/05/banks1-300x194.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/banks1-1024x661.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/banks1-768x495.png 768w" sizes="(max-width: 1533px) 100vw, 1533px" /><figcaption id="caption-attachment-322159" class="wp-caption-text">Banks: (Source: Trading View)</figcaption></figure>
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The post <a rel="nofollow" href="https://cryptoslate.com/insights/regional-banks-extend-loss-and-paused-due-to-volatility-bitcoin-up-2/">Regional banks extend losses and some paused due to volatility; Bitcoin up 2%</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.

Regional banks extend losses and some paused due to volatility; Bitcoin up 2%

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