To The Moon

$First Republic Bank(FRC)$ plummeted to an all-time low in Tuesday’s trading session. The price per share hit an all-time low of $8.10 as the markets closed. It was driven by the latest earnings. Although the bank’s EPS in the first quarter topped analysts’ estimates, its deposit flight was worse than what analysts had estimated, plunging 41% to $104.5 billion, missing the estimates of $145 billion. Everyone is preparing for an imminent bankruptcy? The White House is expressing concerns about whether it has the capacity to find a solution for First Republic Bank's insolvency. The rescue plan for First Republic Bank did not succeed. The bank suspended its dividend and its shares continued to slump, raising speculation about the bank's future as a stand-alone institution. Despite reports of discussions led by JPMorgan chief Jamie Dimon aimed at bolstering First Republic's capital, selling has persisted. First Republic Bank Stock (NYSE:FRC): Bank Crisis Overblown; Easy Earnings Beat - TipRanks.com The bank is now trying to restructure its balance sheet to adapt to the challenging economic environment. Options for the bank's future appear limited as regional banks remain under stress and its bonds are trading at a steep discount The bank has also faced criticism for paying millions of dollars to family members of its founder for consulting services. The situation at First Republic Bank remains uncertain, and investors are on edge amid concerns about the health of banks globally. Who will benefit after FRC’s bankruptcy? Despite the mixed reaction in the US stock market, Bitcoin $Grayscale Bitcoin Trust (BTC)(GBTC)$ experienced a rise of approximately 1.60% in response to the news of a potential banking collapse. This trend is reminiscent of Bitcoin's previous price surge during past banking crises, which has led market participants and the broader crypto community to anticipate a similar pattern in the event of a failure of a major bank. Bitcoin's price has been declining in recent days. However, the news of a potential banking collapse could reignite the perception of Bitcoin as a viable alternative to the traditional banking industry. Will FRC go bankrupt? What's your trading plan for FRC? Who will benefit if FRC go bankrupt? Click here to join our topic and win tiger coins: Will FRC Go Bankrupt After Deposits Drop 41%?