First Republic Bank's market value has fallen below $1 billion, currently down nearly 40%

ChainCatcher news, market data shows that First Republic Bank's market value has fallen below $1 billion, with its stock price dropping below $5, a decline of about 40%.

ChainCatcher previously reported that the White House or the Treasury Department seems to have rejected pressure on banks to force them to sell assets for self-rescue. In addition, some analysts attribute today's significant rebound in Bitcoin to the renewed turmoil in the U.S. banking sector.