{"id":10331,"date":"2023-05-04T15:09:40","date_gmt":"2023-05-04T15:09:40","guid":{"rendered":"https:\/\/tokendices.com\/analyst-warns-of-banking-crisis-endgame-as-bitcoin-and-stocks-plummet-together\/"},"modified":"2023-05-04T15:09:40","modified_gmt":"2023-05-04T15:09:40","slug":"analyst-warns-of-banking-crisis-endgame-as-bitcoin-and-stocks-plummet-together","status":"publish","type":"post","link":"https:\/\/tokendices.com\/analyst-warns-of-banking-crisis-endgame-as-bitcoin-and-stocks-plummet-together\/","title":{"rendered":"Analyst warns of banking crisis &#8216;endgame&#8217; as Bitcoin and stocks plummet together."},"content":{"rendered":"<p>Bitcoin&#8217;s value fell below $29,000 on May 4 as US equities showed nervousness over the resurgent banking crisis. The risk asset comedown accompanied more mayhem for US regional bank stocks, with PacWest Bancorp falling over 50% on the day. The latest Federal Reserve interest rate hike had added fuel to the fire, with financial commentary resource The Kobeissi Letter arguing that &#8220;perhaps this is the equity market worrying that the crisis may not be isolated&#8221;.<\/p>\n<p>Key points:<\/p>\n<p>&#8211; Bitcoin&#8217;s value fell below $29,000 on May 4 as US equities showed nervousness over the resurgent banking crisis.<\/p>\n<p>&#8211; PacWest Bancorp fell over 50% on the day.<\/p>\n<p>&#8211; The latest Federal Reserve interest rate hike had added fuel to the fire, with financial commentary resource The Kobeissi Letter arguing that &#8220;perhaps this is the equity market worrying that the crisis may not be isolated&#8221;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p style=\"float:right; margin:0 0 10px 15px; width:240px;\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=840\/https:\/\/s3.cointelegraph.com\/uploads\/2023-05\/cbba7452-8d48-4f98-8437-a2fd470f89d9.jpg\"><\/p>\n<p>Nerves become apparent across risk assets as U.S. regional banks add to already significant losses.<\/p>\n","protected":false},"author":1,"featured_media":10332,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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