Treasury/Fed/FDIC issue joint statement with Tough Love for investors in failed banks.
In 16 months from $239 at peak crypto consensual hallucination to $2.76, including the 44% plunge afterhours.
It just keeps getting funnier with this crypto stuff. Shares crush dip buyers after hours.
Wait a minute… It still “believes in” crypto? Is crypto now a religion that a bank “believes in?” FDIC, are you reading this?
Only a couple of smaller banks have significant exposure to cryptos, and their shares have collapsed.