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<h2 id="quick-take">Quick Take</h2>
<ul>
<li><a href="https://cryptoslate.com/?s=first+republic+bank">First Republic Bank</a> finished trading a whopping 50% lower share price yesterday — closing at $8.26.</li>
<li>According to FOX News, it is reported that First Republic Bank is expected to be seized by the U.S. government.</li>
<li>First Republic Bank is looking to offload up to $100 billion worth of long-dated mortgages and bonds to stay afloat.</li>
<li>Based on this news, Bitcoin (<a href="http://www.cryptoslate.com/coins/bitcoin">BTC</a>) broke $28,000 — up over 4% in the past five days.</li>
<li>Gold also caught a bid, while U.S. equities slumped into negative territory.</li>
</ul>
<figure id="attachment_320655" aria-describedby="caption-attachment-320655" style="width: 1834px" class="wp-caption aligncenter"><img class="wp-image-320655 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/asset.png" alt="Assets: (Source: Trading View)" width="1834" height="869" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/asset.png 1834w, https://cryptoslate.com/wp-content/uploads/2023/04/asset-300x142.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/asset-1024x485.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/04/asset-768x364.png 768w, https://cryptoslate.com/wp-content/uploads/2023/04/asset-1536x728.png 1536w" sizes="(max-width: 1834px) 100vw, 1834px" /><figcaption id="caption-attachment-320655" class="wp-caption-text">Assets: (Source: Trading View)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/bitcoin-breaks-28k-barrier-amid-first-republic-banks-seizure-fears/">Bitcoin breaks $28k barrier amid First Republic Bank&#8217;s seizure fears</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin breaks $28k barrier amid First Republic Bank’s seizure fears

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