First Republic was rescued by the FDIC and JP Morgan.
First Republic Bank customers was rescued not bank. Bank is dead and everyone will pay for it.
So this event a few hours from now I think 4 hours from now it is possible that Bitcoin's value will pump 35k$ or more and suddenly dump up to 25k$ if its minor lower high is not broken.
i don't think there is any event that can push btc price +20% in 4 hours. Its not 2015 anymore.
And of course what the FED is still avoiding here is that if the interest rate increases too much, it will end up in a Recession which they also don't want to happen. Because the FED has only two enemies here, INFLATION, that's why it raises the interest rate, but as they continue to rise, the banks are put in trouble. And their latest here is the FRC (First Republic was rescued by the FDIC and JP Morgan.
not only two enemies. Market participants that see what is going on are also play an important role. And now seems to scream "check" giving many signs of doubt in the power of the FED.