Bitcoin and other cryptocurrencies continued slipping as the recent bullish momentum faded. The BTC/USD pair dropped to a low of 28,000, much lower than the year-to-date high of 31,041. Other major coins like Ethereum and XRP have also pulled back. FRC collapse impact on crypto The BTC/USD pair drifted downwards as investors embraced a risk-off sentiment following the collapse of First Republic Bank. The bank was seized by the FDIC, which then sold it to JP Morgan. As a result, all deposits were saved. However, there are concerns about the health of the banking sector in the US since many regional banks hold billions ... (full story)